Wedbush Reiterates a 'Neutral' on Panera Bread (PNRA); Raises PT
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Wedbush reiterates a 'Neutral' rating on Panera Bread (Nasdaq: PNRA), raises price target from $53 to $58.
Wedbush analyst says, "Quality beat on sales and margins...Solid SSS guidance separating PNRA from the pack. Catering, new products, and advertising should support 2010 SSS. Pricing still a risk; feedback on the 4Q test will be key."
To see more analyst ratings on PNRA Click Here.
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