Burger King Holdings Inc. (BKC)

Deutsche Bank downgraded Burger King Holdings Inc. from Buy to Hold.
Deutsche's analyst said "For fiscal 2Q10 (Dec qtr.), we have trimmed our SSS forecast to -3.4% from -2.7% previously. While this is not a huge reduction, the bigger concern is the current (Mar) quarter. We’re currently at -3.5% SSS, but the Dec/Jan trend suggests this could be too optimistic. We are lowering our FY10E EPS to $1.37 from $1.43 on lower sales and margin assumptions. FY11E goes to $1.58 from $1.66."

Jan 12 · 7:14:00 AM · Source: StreetInsider.com
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by Rich Pike