Oppenheimer upgraded Monro (MNRO) to Outperform from Perform with a $40 price target Monro is a leading chain of aftermarket automotive tire and service centers that has seen “uneven” operating trends, the analyst tells investors in a research note. The firm says that while the company’s challenges remain, it is now optimistic that dynamics for the chain are “solidifying” under new management. Monro is positioned for strengthening sales and improved operating leverage, contends Oppenheimer.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNRO: