Monro Muffler (MNRO – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst David Lantz from Wells Fargo remains neutral on the stock and has a $26.00 price target.
David Lantz’s Hold rating for Monro Muffler is a result of a combination of factors. The second fiscal quarter for MNRO showed mixed results, with tire performance in particular creating uncertainty about the company’s future performance. This has led to a cautious approach and the decision to maintain a Hold rating rather than pressing for a buy or sell.
Furthermore, Lantz has adjusted his estimates and price target for the company downwards, showing a level of concern about its upcoming financial performance. The combination of mixed results, specifically the dip in tire performance, and the lowering of estimates and price target, contribute to Lantz’s decision to rate Monro Muffler as Hold. His rating indicates that investors should maintain their current positions in MNRO until there are clearer signals about the company’s direction.
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Monro Muffler (MNRO) Company Description:
Monro, Inc. engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services and certain locations specialize in providing commercial tire and maintenance services. It operates under the brand names:Monro Auto Service & Tire Centers; Tread Quarters Discount Tire Auto Service Centers; Mr. Tire Auto Service Centers; Autotire Car Care Centers; Tire Warehouse Tires for Less; Tire Barn Warehouse; Ken Towery’s Tire & Auto Care; Tire Choice Auto Service Centers; FreeService Tire and Car-X Tire & Auto. The company was founded by Charles J. August in 1957 and is headquartered in Rochester, NY.
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