UPDATE: BGB Securities Raises PT to $30 on AFC Enterprises on Strong Quarter
BGB Securities reiterated its Buy rating on AFC Enterprises (NASDAQ: AFCE) and increased its price target to $30 per share.
BGB Securities noted, “We are reiterating our Buy rating and raising our price target to $30 after posting another solid quarter. AFCE posted same store sales (SSS) of 6.3% and raised tis CY12 guidance 50bps to between 6%-6.5%. Global System Wide sales were a robust 10.5%, continuing its double digit trend this year, versus 6.6% for CY11."
AFC Enterprises closed at $25.73 on Thursday.
Latest Ratings for AFCE
|Jan 2014||Wedbush||Initiates Coverage on||Outperform|
|Dec 2013||Jefferies||Initiates Coverage on||Buy|
|Feb 2013||Piper Jaffray||Maintains||Overweight|
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