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Fly News Breaks for April 1, 2015
PNRA
Apr 1, 2015 | 08:19 EDT
UBS believes in underappreciated opportunity exists for Panera Bread if the company steps up its refranchising efforts. The firm sees refranchising as benefiting the shares more than comps, costs containment, and its 2.0 rollout and believes if the company shifted its ownership mix to 95% franchised its shares could potentially reach $265. UBS reiterated its Buy rating and $185 price target on Panera Bread shares.
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