BofA analyst Sara Senatore lowered the firm’s price target on Portillo’s (PTLO) to $6 from $7 and keeps a Neutral rating on the shares. The firm lowered its Q4 and FY25 EBITDA estimates to incorporate higher G&A cost and worse same-store sales declines in Q4, the analyst tells investors.
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Read More on PTLO:
- Portillo’s price target lowered to $6 from $7.50 at UBS
- Portillo’s price target lowered to $6 from $8 at Stephens
- Portillo’s Inc. Reports Modest Revenue Growth Amid Challenges
- Portillo’s Earnings Call: Mixed Sentiment Amid Growth and Challenges
- Positive Outlook for Portillo’s: Buy Rating Affirmed Despite Short-Term Challenges