Stephens starts Monro at Equal Weight, notes decreasing revenue

Stephens initiated coverage of Monro with an Equal Weight rating and $31 price target Since the benefits seen from the COVID-19 stimulus, the company has seen decreasing revenue, with inflation impacting the company’s customer base, which is driving revenue pressure, the analyst tells investors in a research note. The firm sees an upcoming tire cycle likely beginning in 3Q26 and expects this could drive future comparable store sales growth.