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Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.

Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's

☆ McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
▼ + stars: | 2024-03-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.

Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia

☆ Cramer's Lightning Round: 'You should own' BlackRock
▼ + stars: | 2024-03-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon VICI Properties' year-to-date stock performance. Stock Chart Icon Stock chart icon Generac's year-to-date stock performance. Stock Chart Icon Stock chart icon Cabaletta Bio's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Stock Chart Icon Stock chart icon BlackRock's year-to-date stock performance.

Persons: I'm, Cabaletta, It's, I've, Powell Organizations: Regions, Powell Industries, BlackRock

☆ I ate at Portillo's, one of the most famous hot-dog chains in the US. I get why Midwesterners love it so much.
▼ + stars: | 2024-02-17 | by ( Joe Opaleski | ) www.businessinsider.com time to read: 1 min

AdvertisementDick Portillo opened his hot-dog cart, The Dog House, just outside of Chicago in 1963Today, his chain lives on as Portillo's, which has 60 locations across the US offering delicious hot dogs and other Midwest favorites. I visited my local branch to order some of the most popular dishes and show everyone what all the hype is about.

Persons: Dick Portillo Locations: Chicago

☆ 8 ways to upgrade a box of cake mix, from a former pastry cook
▼ + stars: | 2024-02-08 | by ( Pippa Allen | ) www.businessinsider.com time to read: +4 min

I'm a former pastry cook, and I think cake mixes are a great low-effort but delicious dessert. But when an occasion necessitates a cake, boxed mixes are a great way to deliver a surefire success with minimal effort. Read on for some of the best hacks I've learned for making boxed cake mixes taste homemade. Adding an extra egg makes a cake super moistYou can also add an extra egg yolk. But I also love using buttermilk for chocolate cake mixes or coconut milk for a tropical spin.

Persons: I'm, —, Read, I've, Kristen Griffin, Regis Lagrange Organizations: Service, Mayo Locations: mayo

☆ Cramer's Lightning Round: 'I don't trust' Riot
▼ + stars: | 2024-01-22 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Riot's year-to-date stock performance. Stock Chart Icon Stock chart icon Robinhood's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Portillo's : "Portillo's is just a great quandary." Stock Chart Icon Stock chart icon Soho House's year-to-date stock performance.

Organizations: Soho

☆ Terry Richardson sexually abused a model after Trump's modeling agency dismissed her concerns about him, lawsuit says
▼ + stars: | 2023-11-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Terry Richardson sexually abused a model on two separate occasions in 2004, a new lawsuit alleges. Advertisement"During their meeting, Mr. Richardson wore nothing but a robe. She "attempted to tell an agent at Trump Model Management about the assault," her lawsuit says, but the agency "insisted that she proceed with the appointment." Portillo, Richardson, and other members of the photography crew traveled in a van back to Manhattan from the shoot location. "Ms. Portillo alleges that this was the latter, and Mr. Richardson did not have the rights to distribute the images."

Persons: Terry Richardson, Donald Trump's, Richardson, —, Minerva Portillo, Tom Ford, Yves Saint Laurent . Portillo, Portillo, Ms, Donald Trump —, Mr, " Richardson, " Portillo, Richardson didn't, Gabriel Maseda, consensually, Christine Dunn Organizations: Service, Vogue, Trump Model Management, Vogue Spain, Getty, Mr, Portillo Locations: Manhattan, New York, Spain, Vogue Spain

Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.

Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Plug Power, Toast BJ's, Arm, Occidental & more
▼ + stars: | 2023-11-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."

Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S

☆ Portillo's CEO Michael Osanloo: We expect a sequential margin decline from Q3 to Q4
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortillo's CEO Michael Osanloo: We expect a sequential margin decline from Q3 to Q4Portillo's CEO Michael Osanloo joins 'The Exchange' to discuss the company's earnings results, fast casual dining trends, and more.

Persons: Michael Osanloo

☆ Cramer's Lightning Round: Energy Transfer is a buy
▼ + stars: | 2023-10-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Stock Chart Icon Stock chart icon Energy Transfer's year-to-date stock performance. Stock Chart Icon Stock chart icon AbbVie's year-to-date stock performance. Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance.

Persons: Salesforce, I'm, it's, you've, Let's Organizations: Communities, Energy, Realty, Realty Trust, Oracle

☆ Portillo's CEO Michael Osanloo: We want to be a national brand
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortillo's CEO Michael Osanloo: We want to be a national brandPortillo's CEO Michael Osanloo joins 'The Exchange' to discuss their latest earnings, the state of the consumer, and more.

Persons: Michael Osanloo

☆ Portillo's CEO Michael Osanloo on plans to expand with nine new store openings in 2023
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortillo's CEO Michael Osanloo on plans to expand with nine new store openings in 2023Portillo's CEO Michael Osanloo joins 'The Exchange' to discuss Guggenheim upgrading Portillo's to a buy rating, expanding the Portillo's sandwich locations across the U.S., and protecting the consumer value proposition.

☆ Here are Friday's biggest analyst calls: Apple, Coinbase, Western Alliance, Playboy, SolarEdge & more
▼ + stars: | 2023-05-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said Apple is "delivering under pressure" after its earnings report on Thursday. Guggenheim upgrades Portillo's to buy from neutral Guggenheim said it sees multiple expansion for the restaurant chain. Goldman Sachs downgrades Atlassian to neutral from buy Goldman said the company's "cloud transition [is] likely taking longer than expected." UBS upgrades Shopify to neutral from sell UBS said in its upgrade of Shopify that it sees revenue upside. Jefferies initiates Playboy Group as buy Jefferies said it sees "significant upside" for the adult themed global media and lifestyle company.

☆ Inflation forces mom and pop restaurants and chains like McDonald's to lean on their strengths
▼ + stars: | 2022-11-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

In response to that drop-off, both chains and independents are working to address the cost factor without alienating diners. Aaron Allen, founder and CEO of restaurant consultancy Aaron Allen & Associates, compared restaurant chains to oil tankers and independents to speedboats. Kate Bruce, owner of The Buttery Bar in Brooklyn, said she's been facing higher costs for everything from labor to cooking oil to energy. Portillo's restaurant chain CEO Michael Osanloo said independents do have greater flexibility when it comes to changing prices. Consumers care more about prices when they're visiting a chain restaurant, according to findings from a survey of roughly 2,400 U.S. consumers conducted by PYMNTS.

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