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Fly News Breaks for March 31, 2015
PNRA
Mar 31, 2015 | 06:47 EDT
Piper Jaffray believes sentiment on shares of Panera Bread is forming a bottom with 56% of sell-side ratings now reflecting a hold or sell opinion. Nonetheless, the firm continues to expect shares to be range-bound pending greater visibility into a permanent management team and the rollout of the 2.0 platform by franchisees. Piper raised its price target for Panera shares to $140 from $125 and keeps an Underweight rating on the name.
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