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Portillo’s upgraded to Overweight from Equal Weight at Morgan Stanley
The Fly

Portillo’s upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Brian Harbour upgraded Portillo’s to Overweight from Equal Weight after assuming coverage of the name. Poprtillo’s screens more favorably than peers on metrics including unit growth visibility, new unit performance, margins, cash generation/self-funding, value proposition and potential category/sales defensiveness, Harbour tells investors in a research note.

Published first on TheFly

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