Benchmark Maintains Buy on The Pantry

Benchmark is out with its report today on The Pantry PTRY, maintaining Buy. In its report, Benchmark writes, "We continue to believe in the turnaround strategy of this management team. Our price target is $20.00, based on 6.5x our 2011 EBITDA estimate. Given the upside to our price target, we maintain our Buy rating." Shares of PTRY closed Thursday at $11.76.