Panera Bread upgraded at Wedbush As noted earlier, Wedbush upgraded Panera to Outperform from Neutral. The firm expects the company to report stronger than expected 2014 results, as its checks indicate that the company's SSS trends have improved significantly in recent weeks. Price target to $215 from $185.
News For PNRA From The Last 14 Days
Check below for free stories on PNRA the last two weeks.
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.