UPDATE: KeyBanc Upgrades Buffalo Wild Wings to Buy, Names $85 PT
In a report published Friday, KeyBanc upgraded its rating on Buffalo Wild Wings (NASDAQ: BWLD) from Hold to Buy, and named an $85.00 price target.
KeyBanc noted, “Upgrading Buffalo Wild Wings, Inc. (BWLD-NASDAQ) to BUY from HOLD with an $85 price target. Trading at 6.8x EV/EBITDA NTM (vs. peer average of 7.8x), we believe several risks are priced into the stock (20% short interest). Since reporting disappointing 2Q results (July 24), shares have underperformed (down 7%) the KBCM Restaurant Index (up 16% during same period) and the S&P 500 (up 12%). We believe there is relatively limited downside to the current Street mean of $0.95 for 4Q12E and $3.60 for 2013E.”
Buffalo Wild Wings closed on Thursday at $73.55.
Latest Ratings for BWLD
|Oct 2016||Deutsche Bank||Maintains||Hold|
|Oct 2016||Credit Suisse||Maintains||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.