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 Q1 comps under pressure, says Cleveland Research Cleveland Research said Neutral rated Panera Bread's Q1 comps are under pressure from weather and more difficult comparisons. The firm remains cautious on 2015 outlook given high menu pricing, competition, and a lower than expected 2.0 benefit.