Panera Bread Co (PNRA) Tops Q2 EPS by 7c; Lowers FY14 EPS Outlook

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Beaten-Up Panera Bread (PNRA) Named Top Restaurant Pick at BofA/Merrill Lynch

July 31, 2014 8:26 AM EDT

BofA/Merrill Lynch analyst Joseph Buckley is making Panera Bread (NASDAQ: PNRA) its Top Restaurant Pick despite recent troubles. The firm reiterated a Buy rating and price target of $185.00.

Buckley said while "Panera 2.0" will restrain earnings in 2014-15 the company's focus on... More