Update (9:38 a.m.): Updated with Wednesday market open information.
NEW YORK (TheStreet) -- Jefferies decreased its price target on Noodles & Company (NDLS - Get Report) to $35, decreased its estimates and set a "hold" rating. The firm notes SSS down with several headwinds will challenge FY14 target.
The stock was down 8.47% to $34.78 at 9:37 a.m. on Wednesday.
Must Read: Warren Buffett's 10 Favorite Growth Stocks