U.S. Markets closed

Ruby Tuesday on right track, says Longbow

After conducting checks and following Ruby Tuesday's announcement that its same-store sales had risen 1%-2% in Q4, Longbow is more confident that the company's "concept is not broken." The firm is now more confident that the company is making the right moves to transform its menu and image. It raised its price target on the shares to $10 from $9 and keeps a Buy rating.