Benchmark Maintains Buy on The Pantry

Benchmark is out with its report today on The Pantry (NASDAQ:

), maintaining Buy. In its report, Benchmark writes, "We continue to believe in the turnaround strategy of this management team. Our price target is $20.00, based on 6.5x our 2011 EBITDA estimate. Given the upside to our price target, we maintain our Buy rating." Shares of PTRY closed Thursday at $11.76.