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Fly News Breaks for May 23, 2018
May 23, 2018 | 07:14 EDT
SunTrust analyst Jake Bartlett initiated Carrols Restaurant (TAST) with a Buy rating and a price target of $16, saying that as the largest Burger King franchise, it has an opportunity to grow at 5% annualized rate for the next 5 years. The analyst notes that the re-acceleration in store acquisitions will drive estimates and multiples for the stock higher, and while the "resurgence of McDonald's (MCD) is a risk, he believes Burger King's "barbell" menu strategy will limit any market share loss.
News For TAST;MCD From the Last 2 Days
Jul 18, 2018 | 06:40 EDT
A U.S. labor board judge rejected McDonald's proposed settlement of a case that alleged the fast-food giant could be accountable for labor law violations by franchisees across the country, according to Reuters. Judge Lauren Esposito opined that the settlement proposed in March lacked important details and would most likely not end to the case that began in 2012. The settlement would have allowed McDonald's to avoid being held liable when franchisees violate federal labor law. Reference Link
Jul 17, 2018 | 09:40 EDT
Unusual total active option classes on open include: VEON Ltd (VEON), HollyFrontier (HFC), Gold Bear 3x (DUST), UnitedHealth (UNH), Johnson & Johnson (JNJ), Caesars (CZR), Goldman Sachs (GS), McDonald's (MCD), Activision Blizzard (ATVI), and GDM (GDX).
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