Credit Suisse Downgrades Zoe's Kitchen (ZOES) to Underperform

Credit Suisse downgraded Zoe's Kitchen (NYSE: ZOES) from Neutral to Underperform with a price target of $27.00 (from $36.00).

Analyst J. West commented, "We have 3 key concerns with the ZOES story: 1) SSS trends, 2) margins, and 3) valuation. While ZOES may be well-positioned for long-term success, the extreme valuation premium to the group against a slowing consumer backdrop and more risk-averse market do not bode well for stock performance."

For an analyst ratings summary and ratings history on Zoe's Kitchen click here. For more ratings news on Zoe's Kitchen click here.

Shares of Zoe's Kitchen closed at $32.61 yesterday.

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