Guggenheim downgraded Portillo’s (PTLO) to Neutral from Buy without a price target After opening eight new stores planned for 2026, ortillo’s’s development will slow in 2027 to 4-6 additions as it works to get out of existing leases, the analyst tells investors in a research note. The firm believes the company’s search for a new growth design that generates the return on equity to support accelerated development will take time to play out.
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Read More on PTLO:
- Portillo’s price target lowered to $5.25 from $5.50 at Baird
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- Portillo’s price target lowered to $6 from $7 at Morgan Stanley
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