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Fly News Breaks for March 26, 2018
JACK, QSR
Mar 26, 2018 | 09:34 EDT
As previously reported, Morgan Stanley analyst John Glass upgraded Restaurant Brands (QSR) to Overweight from Equal Weight as he sees the stock as being the most mispriced, based on free cash flow yield, among a peer group of "largely franchised" restaurants. He raised his price target on the owner of Burger King and Tim Hortons to $71 from $69. Glass also downgraded Jack in the Box (JACK) to Equal Weight from Overweight this morning.
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