Wedbush Upgrades Panera Bread (PNRA) to Outperform
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Price: $314.93 --0%
Rating Summary:
12 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush upgraded Panera Bread (NASDAQ: PNRA) from Neutral to Outperform with a price target of $190.00 (from $160.00).
"We believe Panera is best positioned within our coverage universe for sustained SSS growth and operating margin leverage in 2013 ahead of expectations," the analyst notes.
Checks indicate Q4 SSS growth trending at high end of 5-6% guidance, the firm said. They increased their estimate to 6% from 5.7%.
For an analyst ratings summary and ratings history on Panera Bread click here. For more ratings news on Panera Bread click here.
Shares of Panera Bread closed at $160.52 yesterday.
"We believe Panera is best positioned within our coverage universe for sustained SSS growth and operating margin leverage in 2013 ahead of expectations," the analyst notes.
Checks indicate Q4 SSS growth trending at high end of 5-6% guidance, the firm said. They increased their estimate to 6% from 5.7%.
For an analyst ratings summary and ratings history on Panera Bread click here. For more ratings news on Panera Bread click here.
Shares of Panera Bread closed at $160.52 yesterday.
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