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Fly News Breaks for January 19, 2017
PNRA
Jan 19, 2017 | 06:24 EDT
Goldman analyst Karen Holthouse upgraded Panera Bread to Buy and raised its price target to $227 from $199. The analyst has citing increased confidence that delivery will be a growth driver and offset increased competition. Holthouse's estimates remain below consensus but said top line strength can provide valuation support while investor expectations have come down, and views valuation as compelling.
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