Market Overview

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

Share:
Related PNRA
Look Out For The Restaurant Industry, Deutsche Bank Says
Which Companies Could Avian Flu Hurt The Most?

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
May 2015Deutsche BankInitiates Coverage onHold
May 2015Cowen & CompanyUpgradesMarket PerformOutperform
Apr 2015JefferiesMaintainsHold

View More Analyst Ratings for PNRA
View the Latest Analyst Ratings

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

 

Related Articles (PNRA)

Around the Web, We're Loving...