Morgan Keegan Outperform On Monro Muffler Brake (MNRO)

Morgan Keegan has an Outperform rating and a $42 price target on shares of Monro Muffler Brake, Inc. MNRO to reflect the 3-2 stock split. In a note sent to clients, Morgan Keegan writes, "We remain encouraged by strong sales trends as consumers elect to maintain older vehicles rather than purchase new ones. We believe solid industry tailwinds, paired with expense leverage and opportunities for further acquisitions provide a solid fundamental backdrop for the stock. We reiterate our Outperform rating with shares trading at 11.3x our NTM EBITDA estimate." Shares of MNRO lost 9 cents yesterday to close at $35.21.