Piper Jaffray Maintains Overweight on P.F. Chang's China Bistro (PFCB)

Piper Jaffray is out with its report today on P.F. Chang's China Bistro (NASDAQ: PFCB), maintaining Overweight.

In a note to clients, Piper Jaffray writes, "With its higher-than-peer exposure to corporate spending (approximately 15%-30%), P.F. Chang's may benefit from a macro T&E rebound. Meanwhile, we continue to like Pei Wei's fast casual positioning and believe comps likely remain in positive territory."

Shares of PFCB closed Friday at $45.31, down 0.81% from Thursday's close.