Texas Roadhouse shares are trading higher after the company reported better-than-expected Q2 financial results. Also, Wells Fargo raised its price target on the stock from $165 to $175.
Portfolio Pulse from Benzinga Newsdesk
Texas Roadhouse shares are trading higher following the release of better-than-expected Q2 financial results. Additionally, Wells Fargo has raised its price target on the stock from $165 to $175.
July 26, 2024 | 1:00 pm
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Texas Roadhouse shares are experiencing an uptick due to the company's strong Q2 financial performance and a raised price target from Wells Fargo, now set at $175.
The better-than-expected Q2 financial results indicate strong operational performance, which is a positive signal for investors. Additionally, the raised price target from Wells Fargo suggests increased confidence from analysts, likely driving short-term stock price appreciation.
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