Portillo’s price target lowered to $17 from $18 at Guggenheim

Guggenheim lowered the firm’s price target on Portillo’s (PTLO) to $17 from $18 and keeps a Buy rating on the shares. The firm, which notes it is adjusting its 2025 and 2026 EBITDA estimates “modestly,” contends that consensus “needs to come down a couple $mn on EBITDA for this year and next.” However, the analyst adds that Portillo’s positive comps have performed modestly better than “a challenged limited-service backdrop so far in 2025.”