Market Overview

UPDATE: Miller Tabak Upgrades Panera Bread to Buy Ahead of Earnings

Share:
Related PNRA
Panera Could Gain From Cosi Bankruptcy
Workday Uses Analyst Conference To Highlight Its Differences From Competition
Restaurant Stocks Continue To Turn Investors' Stomachs (Investor's Business Daily)

Miller Tabak upgraded Panera Bread (NASDAQ: PNRA) from Hold to Buy and raised the price target from $187.00 to $190.00.

Miller Tabak commented, "We upgrade shares of Panera Bread (PNRA) to Buy (from Hold) ahead of the company's 4Q12 (December) earnings release on February 5. We still consider PNRA's top-line growth prospects one of the best in the industry, and contend a mix of positive traffic, judicious menu price increases, and potential changes in the menu mix will support not only top-line growth, but also margin xpansion."

Panera Bread closed at $155.02 on Thursday.

Latest Ratings for PNRA

DateFirmActionFromTo
Sep 2016Maxim GroupMaintainsBuy
Aug 2016Canaccord GenuityInitiates Coverage onBuy
Jul 2016BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for PNRA
View the Latest Analyst Ratings

Posted-In: Miller TabakAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (PNRA)

View Comments and Join the Discussion!