Portillo's, Inc (PTLO) PT Lowered to $10 at Jefferies, 'Expectations Take Another Reset'

Jefferies analyst Andy Barish lowered the price target on Portillo's, Inc (NASDAQ: PTLO) to $10.00 (from $12.00) while maintaining a Buy rating.

The analyst comments "We lower our ests to reflect updated guidance commentary incl softer 3Q SSS, following recent weakness in Aug, and add'l conservatism now embedded through YE (FY guide -1% to -1.5%) as the promo environment continues to weigh. Unit growth now also tempered thru '26, w/'25 RLM guide lower, partly offset by lower G&A. Another reset in the near term, but investor bar remains low where incremental visibility/clarity could support the multiple off trough levels."

You May Also Be Interested In

• Coherent (COHR) PT Raised to $420 at Needham
• Corbus Pharmaceuticals (CRBP) PT Lowered to $33 at Mizuho
• Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold