Potbelly price target raised to $13.50 from $12 at Lake Street

Lake Street raised the firm’s price target on Potbelly to $13.50 from $12 and keeps a Buy rating on the shares after the company reported Q4 preliminary results that were above the firm’s expectations. The firm likes Potbelly’s long-term growth opportunities, “solid” cash flow, and lower risk it expects from the franchise growth, the analyst tells investors.