Market Overview

UPDATE: Wedbush Downgrades Panera Bread on Softer Checks, Risk of Disappointing Guidance

Related PNRA
Panera The Ultimate Winner From Chipotle's E. Coli Disaster?
Panera Bread Q3 Earnings Top Estimates

In a report published Friday, Wedbush analyst Nick Setyan downgraded the rating on Panera Bread Co. (NASDAQ: PNRA) from Outperform to Neutral, and lowered the price target from $190.00 to $165.00.

In the report, Wedbush noted, “We are downgrading PNRA to NEUTRAL from OUTPERFORM as we no longer expect upward estimate revisions based on our most recent round of checks that indicate a softer end to Q3, and Q4 QTD SSS growth below expectations.”

Panera Bread Co. closed on Thursday at $160.58.

Latest Ratings for PNRA

Nov 2015Maxim GroupUpgradesHoldBuy
Oct 2015Credit SuisseMaintainsOutperform
Sep 2015TelseyInitiates Coverage onOutperform

View More Analyst Ratings for PNRA
View the Latest Analyst Ratings

Posted-In: Nick Setyan WedbushAnalyst Color Downgrades Analyst Ratings


Related Articles (PNRA)

Get Benzinga's Newsletters