Burger King (BKC) Upgraded
By Option Wizard
March 18, 2010 9:19 AM
March 18, 2010 9:19 AM
Symbols: BKC
Analyst Jason West at Deutsche Bank upgraded Burger King Holdings Inc. (NYSE: BKC) today from a "hold" to a "buy". West anticipates Burger King will be able to capitalize on easier comparisons versus year-ago results, improving economic conditions and a renewed concentration on its breakfast menu items.
With the economy still improving slowly customers of McDonalds and Burger King are looking towards more value priced meals to weather the economy. West increased its price target to $24 from $19. The stock is up .56 at $20.73
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