Alert: Rating Downgrade (5/31/24)-Monro Inc (NASDAQ: MNRO).

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Stock Rating Downgrade

In recent days the Value Trend Rating for Monro Inc (NASDAQ: MNRO) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.

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Recent Price Action

Monro Inc (NASDAQ: MNRO) stock rose slightly by 0.2% on 5/31/24. The stock closed at $23.65. Moreover, trading volume in this advance was unusually high at 165% of normal. The stock has been weak relative to the market over the last nine months and has declined -8.9% 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Monro has a neutral Appreciation Score of 44 and a slightly negative Power Rating of 35, leading to the Negative Value Trend Rating.

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