Credit Suisse Starts Fogo de Chao (FOGO) at Neutral

Credit Suisse initiates coverage on Fogo de Chao (NASDAQ: FOGO) with a Neutral rating and a price target of $24.00.

Analyst J. West commented, "Whitespace opportunity tempting: FOGO could potentially quadruple the current store base over time, driving double-digit unit growth for years to come and placing it among the industry's best growth stories. $24 TP is set to our DCF valuation, which incorporates ~13% EBIT CAGR, 9.5% WACC and a 10x terminal EBITDA."

For an analyst ratings summary and ratings history on Fogo de Chao click here. For more ratings news on Fogo de Chao click here.

Shares of Fogo de Chao closed at $23.44 yesterday.

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