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Fly News Breaks for August 12, 2015
ARCO
Aug 12, 2015 | 08:32 EDT
As previously reported, BofA/Merrill downgraded Arcos Dorados to Underperform from Outperform and lowered its price target to $4.75 from $6.40. The firm lowered estimates following weaker than expected Q2 results due to sever economic challenges the company faces.
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