Portillo’s price target lowered to $6 from $7 at BofA

BofA lowered the firm’s price target on Portillo’s (PTLO) to $6 from $7 and keeps a Neutral rating on the shares. The firm now assumes Portillo’s grows its store base at 7%, down from a prior forecast of 10%, based on its view that 2027’s growth rate is likely to persist.