CBRL Group's (CBRL) Price Target Lifted at RBC

Posted: Wednesday, November 25, 2009 1:35 PM EDT

CBRL Group (NasdaqNM: CBRL) opened at $38.70. So far today, the stock has hit a low of $37.88 and a high of $38.70. CBRL is now trading at $38.21, up $0.14 (0.37%). Over the last 52 weeks the stock has ranged from a low of $14.25 to a high of $38.70. CBRL shares are rising today after analysts at RBC Capital Markets reiterated the stock at Sector Perform and raised its price target to $42 from $35. Technical indicators for the stock are bearish and S&P gives CBRL a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on CBRL the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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