As reported earlier, SunTrust analyst Stephanie Benjamin initiated Monro with a Hold rating and a price target of $55. The analyst notes the company's position as the largest operator of company-owned undercar repair and tire service stores in the U.S., and also points to the steps being taken by the new CEO to revive same store sales and "expand its omni-channel capabilities" amid industry tailwinds. Benjamin recommends a Neutral stance on Monro, adding that the turnaround is at its early stages and further signs of improvement are needed for a more constructive view.