Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Monro Inc (NASDAQ: MNRO) improved of late. MNRO’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/10/24, Monro Inc (NASDAQ: MNRO) stock declined modestly by -1.4%, closing at $26.53. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -1.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MNRO is expected to continue to be a modest Value Builder.
Monro has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Monro has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 39, with the Low Neutral Value Trend Rating the result.
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