Rising Estimates at Bakery Brands Panera Bread & Dunkin Brands

TheStreetAugust 20, 2014

It's not just the bread but also the estimates that are rising at some of the biggest names in bakery. Barclays (BCS) upgraded both Dunkin' Brands (DNKN) and Panera Bread (PNRA) to 'Overweight' from 'Equal-Weight'. The firm raised its price target for Dunkin' to $51 from $48 a share saying 'long term fundamentals are compelling' and the current stock price offers a good entry point. Barclays also upgraded Panera Bread and raised the price target for the stock by $10 to $175 a share. The firm thinks Panera is a 'leader within the fast casual segment' and compares it to other 'high growth' concepts. BMO Capital Markets (BMO) raised their price target for Home Depot (HD) to $92 from $90. The firm has an 'Outperform' rating for the stock and likes the home improvement retailer's 'solid quarter despite weakening macro trends.