UPDATE: BGB Securities Raises PT to $30 on AFC Enterprises on Strong Quarter

BGB Securities reiterated its Buy rating on AFC Enterprises 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsBGB Securities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!