Burger King Worldwide Stock Rating Lowered by Bank of America

 

Bank of America cut shares of Burger King Worldwide (NYSE: BKW) from a neutral rating to an underperform rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports. The firm currently has $19.50 price target on the stock, up from their previous price target of $16.00. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Burger King Worldwide from $15.00 to $16.00 in a research note to investors on Tuesday, February 19th. They now have an equal weight rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Burger King Worldwide from $17.50 to $18.00 in a research note to investors on Tuesday, February 19th. They now have a neutral rating on the stock. Finally, analysts at Piper Jaffray reiterated an overweight rating on shares of Burger King Worldwide in a research note to investors on Friday, February 15th. They now have a $22.00 price target on the stock.

One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Burger King Worldwide currently has an average rating of Hold and a consensus target price of $18.33.

Burger King Worldwide (NYSE: BKW) traded down 0.20% on Thursday, hitting $19.53. Burger King Worldwide has a 52-week low of $12.91 and a 52-week high of $20.20. The stock’s 50-day moving average is currently $18.0. The company has a market cap of $6.842 billion and a price-to-earnings ratio of 59.30.

Burger King Worldwide, Inc. (NYSE: BKW), formerly Justice Delaware Holdco Inc., is a fast food hamburger chain.

http://zolmax.com/burger-king-worldwide-stock-rating-lowered-by-bank-of-america-bkw/51454/

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