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Upgrade Alert for Monro Muffler (MNRO)

By James Quinn

Monro Muffler (NASDAQ:MNRO) was upgraded from Sell to Neutral at Northcoast today. The stock closed yesterday at $55.05 on volume of 436,000 shares, above average daily volume of 165,000.

In the past 52 weeks, Monro Muffler share prices have been bracketed by a low of $46.93 and a high of $77.00 and closed yesterday at $55.05, 17% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.29% higher over the past week, respectively.

Monro Muffler Brake, Inc. operates a chain of stores providing automotive undercar repair services in the United States. The Company's stores provide a full range of services for brake systems, steering and suspension systems, exhaust systems, as well as vehicle maintenance services. Monro operates stores and dealer locations primarily in the Eastern region of the United States.

Potential upside of 48.2% exists for Monro Muffler, based on a current level of $55.05 and analysts' average consensus price target of $81.60. Monro Muffler shares should first meet resistance at the 200-day moving average (MA) of $67.71 and find additional resistance at the 50-day MA of $69.28.

SmarTrend is monitoring the recent change of momentum in Monro Muffler. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Monro Muffler in search of a potential trend change.

Keywords: analyst upgrades/downgrades monro muffler

Ticker(s): MNRO