Stephens notes Portillo’s (PTLO) has framed FY25 as a reset year, marked by this morning’s guidance cut and yesterday’s appointment of a new CMO, arguing that the company will require “a string of upside surprises” to renew investor confidence and drive a higher share price. The firm has an Equal Weight rating and $10 price target on Portillo’s shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTLO: