Oppenheimer upgraded Monro to Outperform from Perform with a $40 price target. Monro is a leading chain of aftermarket automotive tire and service centers that has seen "uneven" operating trends, the analyst tells investors in a research note. The firm says that while the company's challenges remain, it is now optimistic that dynamics for the chain are "solidifying" under new management. Monro is positioned for strengthening sales and improved operating leverage, contends Oppenheimer.
