Wedbush initiated coverage on AFC Enterprises (NASDAQ: AFCE) with an Outperform rating and price target of $46.00.
"We believe AFCE's accelerating company unit development renders long-term
low- to mid-teens top-line and 17-20% EPS growth, above current long-term EPS guidance of 13%-15%, achievable. Combined with recently reset near-term expectations, we believe both estimates and valuation are poised for upward revisions. Therefore, we initiate with an OUTPERFORM rating," said analyst Nick Setyan.
Wedbush just came out with a glowing report.
Initiating with OUTPERFORM and $46 PT; Enviable
Franchisee Economics Increasingly Well Understood, but
Company-Owned Growth Still a Hidden Gem
- the Donald
How is this stock tanking like this? Less than 2% are shorting this. The only person saying anything bad about AFCE is Motley Fool, and that's because the food isn't considered healthy.
I'm surprised the 50 day moving average didn't hold. Next stop $36, and if it can hold there, we can easily go back to new highs in 2014. Very surprised it didn't hold today.
Where the Hell is everybody? I can't even get ahold of investor relations. Something awfully fishy about shareholders & investor relations in this stock. No one responds on the message board, investor relations won't pick up the phone. Who's running this stock?