Jefferies downgraded Portillo’s (PTLO) to Hold from Buy with a price target of $6, down from $10. The firm thinks uncertainty around the company’s same-store-sales recovery, new store productivity, and margin implications could remain an overhang on the stock. Jefferies downgrades Portillo’s pending additional visibility into the company’s growth algorithm.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTLO:
- Micron upgraded, Klarna initiated: Wall Street’s top analyst calls
- Portillo’s downgraded to Neutral from Buy at BofA
- Trump links Tylenol use to autism, AutoZone reports downbeat Q4: Morning Buzz
- Portillo’s Growth Potential Amid Leadership Transition and Market Expansion
- Portillo’s Announces CEO Departure and Interim Appointment