Baird Maintains Outperform on Portillos, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Tarantino has maintained an Outperform rating on Portillo's (NASDAQ:PTLO) but has lowered the price target from $17 to $15.
May 08, 2024 | 10:59 am
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Baird maintains an Outperform rating on Portillo's but lowers the price target from $17 to $15.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, the maintenance of an Outperform rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's overall bullish stance.
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