Panera Bread investments to enable impressive benefits, says Bernstein After touring Panera's stores, Bernstein believes that the company's investments have significantly improved its speed of service, accuracy, and customer experience. The firm forecasts that the investments could cause near-term margin pressure, but should facilitate growth over the long-term. Bernstein keeps a $213 price target and Outperform rating on the shares.
News For PNRA From The Last 14 Days
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Panera Bread not receiving credit for top-line growth, says UBS UBS believes Panera Bread is under pressure due to a lack of visibility in 2015 but feels it is not receiving enough credit for its top-line revenue growth. The firm feels a significant lift is coming in 2015 comps and a rollout of 2.0. Shares of Panera Bread remain Buy rated but price target lowered to $180 from $200 per share.
Panera Bread upgraded to Overweight from Equal Weight at Barclays Barclays upgraded Panera Bread to Overweight citing low near-term expectations and its belief the company's investments will drive long-term growth. Barclays sees a favorable risk/reward at current shares levels and raised its price target for Panera to $175 from $165.