Stephens downgrades Portillos to "equal weight" rating

Portillos

08/10/2024 12:42

** Stephens downgrades fast-casual restaurant Portillos
 PTLO.O  to "equal weight" from "overweight" rating
    ** Brokerage says PTLO's foot traffic is relatively flat,
which will put pressure on co
    ** 9 of 11 brokerages rate the stock "buy" or higher, 2
"hold"; median PT is $14 - LSEG
    ** As of last close, stock fell ~22% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))