Piper Jaffray Reiterates Overweight and PT of $148 on Panera Bread

Piper Jaffray reiterated its Overweight rating on Panera Bread PNRA. At the same time, the rating agency left its price target on the company's stock unchanged at $148. On Monday, PNRA lost 8.45% of its value to finish the day at $96.68. Its shares started to rebound in today's pre-market trading, rising 3.49% to stand around $110.06.