Panera Bread Co (PNRA) Misses Q2 EPS by 3c; Guides Q3, FY13 EPS to Light Side

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Goldman Sachs Downgrades Panera Bread (PNRA) to Buy

July 24, 2013 1:00 PM EDT

Goldman Sachs downgraded Panera Bread (NASDAQ: PNRA) from Conviction Buy to Buy with a price target of $190.00 (from $215.00). Analyst Michael Kelter pointed to uncertainty in same-store sales and he thinks a returned to traffic growth could be delayed.

"We remove PNRA from the... More