UPDATE: Morgan Keegan Raises Panera Bread's PT

According to a research report published today, Morgan Keegan increased Panera Bread Company's (NASDAQ: PNRA) PT from $160 to $170.

In the report, Morgan Keegan commented, “Given recent upward guidance revisions and likelihood of further upside, we have raised our revenue/EPS projections and 12-month price target. Reiterate our O-rating.”

Panera Bread is currently trading at $154.60.