Panera Bread upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Panera Bread on expectations transaction growth will pick-up in 2014, leading to a higher share price. Wells raised its price target range for shares to $195-$205 from $150-$156. Shares of Panera closed yesterday up 53c to $174.13.
Panera Bread downgraded to Hold on valuation at Wunderlich Wunderlich downgraded Panera Bread to Hold from Buy with shares within 8% of its unchanged price target of $185. The firm still expects Panera's same-store sales to continue to improve thru 2015 and 2016.
Hain Pure Protein extends relationship with Panera Bread The Hain Celestial Group (HAIN) announced that Hain Pure Protein has entered into a new supply agreement with Panera (PNRA) to provide Plainville Farms turkey breast meat raised without antibiotics to Panera Bread. HPPC has been supplying Panera Bread with turkey raised without antibiotics on family farms since 2011.