Burger King Downgraded on Discounting and Poor Franchisee Relations
Credit Suisse today downgraded Burger King due parttly to "raised expectations" of the $1 double cheeseburger offer which might not be sustained, as well as recent tensions with franchisees. Burger King was lowered from outperform to neutral, with a $2 stock price target decrease, to $21.
At the same time, McDonalds was upgraded, to outperform, and a $2 increased stock price target of $71.
http://finance.yahoo.com/news/Ahead-of-the-bell-Credit/apf-3690390630.html?x=0&.v=1
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