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Panera Now A Buy, Vetr Crowd Says

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Shares of Panera Bread Co (NASDAQ: PNRA) have gained roughly 13.5 percent year-to-date, surging more than 1.15 percent over the past week alone. It seems like the Vetr crowd thinks the rally will continue. Accordingly, the crowd has set an average price target of $226.25, which implies a potential return of 2.7 percent.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Panera on Monday, from 3.0(Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 70 percent of the crowd’s ratings are bullish.

Latest Ratings for PNRA

DateFirmActionFromTo
Apr 2017Wells FargoDowngradesOutperformMarket Perform
Apr 2017Telsey Advisory GroupDowngradesOutperformMarket Perform
Apr 2017RBC CapitalDowngradesOutperformSector Perform

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Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings General

 

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StockFirmActionPT
CJefferiesUpgrades73.0
INTCMorgan StanleyUpgrades0.0
SOEvercore ISI GroupUpgrades0.0
ADBEDZ BankDowngrades0.0
AVGOCowen & Co.Downgrades0.0
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