March 22, 2013 at 13:00 PM EDT
Panera Shares Rise On Upgrade Amid Expansion Plans
Panera Bread (PNRA) shares rose early Friday after Sanford C. Bernstein started coverage with an outperform rating. The broker set a $190 price target, saying in a note it expects the bakery cafe chain to report sales and earnings topping Wall Street's target. It was the latest in a series of upgrades for Panera, which is in the midst of a wave of store openings and named a new CFO on March 18. BMO Capital Markets upgraded it from market perform
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