Market Overview

BGB Securities Maintains Buy rating and $21 PT on AFC Enterprises

After an investor meeting with AFC Enterprises (NASDAW: AFCE) BGB publishes a report reiterating its Buy rating and $21 price target.

In the report, BGB writes, “We are slightly reducing our FY12 EPS estimate from $1.17 to $1.10 to reflect the likely effects of continued general economic weakness, but our longer-term optimism regarding the company is undimmed. We would note that our one-year price target is $21, but we believe that AFCE shares may offer patient investors much more significant returns over a longer time frame.”

AFCE closed yesterday at $12.73.

Posted-In: BGB SecuritiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AFCE)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional