Analysts: Panera’s Plan to Strengthen Sales is Value and 3 More Research Notes to Ponder
Panera Bread (NASDAQ:PNRA): Wunderlich upgraded Panera Bread from Hold to Buy, citing the recent pullback in shares and confidence in the management’s plan to strengthen sales and operating trends. The firm subsequently raised its price target for shares to $212 from $200.
NetApp (NASDAQ:NTAP): Jefferies expects NetApp to report above consensus quarterly results in July and raised its outlook after the firm’s channel checks indicated that many of the company’s resellers finished the quarter ahead of plan. Jefferies raised its price target for NetApp shares to $44 from $35 but kept a Hold rating on the stock.
AOL (NYSE:AOL): Jefferies raised its price target for AOL to $55 from $50 following the company’s second-quarter results and Adap.tv acquisition. The firm reiterates a Buy rating on the stock.
Fusion-io (NYSE:FIO): Stifel downgraded Fusion-io from Buy to Hold based on several factors, including weaker-than-expected guidance, accelerating competition, a conflict with original equipment managers, a decline in Flash purchase obligations, and an overall lack of credibility by the company. The firm thinks its prior optimistic view of the company was wrong.