By: Benzinga
UPDATE: Credit Suisse Downgrades Ruby Tuesday to Neutral on Macro Headwinds, Real Estate Valuation
Credit Suisse downgraded Ruby Tuesday (NYSE: RT ) from Outperform to Neutral and maintained a $8.00 price target. Credit Suisse noted, "Sale-leasebacks are a good strategy, but lower the value of remaining owned real estate, and with shares up from the $6-$7 range, real estate offers less compelling downside support.
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