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Fly News Breaks for April 19, 2016
PNRA
Apr 19, 2016 | 05:55 EDT
Jefferies analyst Alexander Slagle upgraded Panera Bread to Buy saying the market is underestimating the company's earnings power over the next few years. The stock should command a premium valuation given improved same-store-sales and earnings visibility, Slagle argues in a research note. He raised his price target for Panera shares to $245 from $195. KeyBanc this morning also upgraded the stock.
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