Goldman Sachs Resumes P.F. Chang's (PFCB) at Neutral, Bistro Results Deteriorated Quickly
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Price: $51.47 --0%
Rating Summary:
2 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs resumes coverage on P.F. Chang's (NASDAQ: PFCB) with a Neutral and $29 price target.
The firm notes Bistro results are decelerating quickly. "It is unclear if PFCB will be able to stabilize that brand, or whether Pei Wei will turn out to be a viable new leg of growth," the analyst comments.
Goldman is below consensus on EPS, but also note shares are inexpensive and M&A potential is high.
For more ratings news on P.F. Chang's click here and for the rating history of P.F. Chang's click here.
Shares of P.F. Chang's closed at $27.38 yesterday.
The firm notes Bistro results are decelerating quickly. "It is unclear if PFCB will be able to stabilize that brand, or whether Pei Wei will turn out to be a viable new leg of growth," the analyst comments.
Goldman is below consensus on EPS, but also note shares are inexpensive and M&A potential is high.
For more ratings news on P.F. Chang's click here and for the rating history of P.F. Chang's click here.
Shares of P.F. Chang's closed at $27.38 yesterday.
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