Baird Maintains Outperform on Portillos, Lowers Price Target to $26
Portfolio Pulse from jenniferd'souza@benzinga.com
Baird analyst David Tarantino maintains an Outperform rating on Portillos (NASDAQ:PTLO) but has lowered the price target from $30 to $26.

August 04, 2023 | 3:20 pm
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Baird has maintained an Outperform rating on Portillos but lowered the price target from $30 to $26.
The news is directly related to Portillos (PTLO). While the Outperform rating is maintained, the lowering of the price target could indicate a potential downside, which might impact the stock's performance in the short term. However, the Outperform rating suggests that the analyst still sees potential in the company's stock, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100