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Why McDonald's Is A Top 10 Idea For Bank Of America
Tuesday, October 6, 2015 - 10:41am | 232McDonald's Corporation (NYSE: MCD) have risen 7.53 percent year-to-date, reaching a high of $101.17 on October 5. Joseph T. Buckley of Bank of America Merrill Lynch has maintained Buy rating on the company. The stock has been included in Bank of America’s Top 10 US Idea List for...
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Analysts Applaud Panera Bread Buyback, EPS Outlook 'Cloudy'
Thursday, April 16, 2015 - 2:33pm | 320Panera Bread Co (NASDAQ: PNRA) plan to boost its buyback authorization by 25 percent helped drive its share up 11 percent Thursday, getting a generally warm reaction from analysts. The chain changed hands recently at $182.75, up 11.5 percent. Prior to Wednesday's announcement, which included news...
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Bank Of America Reiterates Underperform, Raises PT On Darden Restaurants On Mixed Factors
Monday, March 23, 2015 - 9:47am | 168In a report published Monday, Bank of America analyst Joseph T. Buckley reiterated an Underperform rating on Darden Restaurants, Inc. (NYSE: DRI), and raised the price target from $47.00 to $55.00. In the report, Bank of America noted, "Darden reported much better than expected 3Q (Feb.) adjusted...
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Darden Restaurants Puts Priority On Real Estate
Wednesday, December 17, 2014 - 2:17pm | 422Darden Restaurants, Inc. (NYSE: DRI) shares rose Wednesday after the company beat second-quarter expectations and said its first priority is settling on a real estate strategy. The company's shares traded recently at $57.55, up 3 percent. Darden's holdings include more than 1,200...
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Bank Of America Sees Sales Gain From Panera Bread Co's Plan
Tuesday, September 30, 2014 - 1:54pm | 296Panera Bread Co (NASDAQ: PNRA) shares have done poorly in recent quarters, but prospects for a sales pick-up in 2015 should drive the stock higher, an analyst said Tuesday. Bank of America's Joseph T. Buckley said spending on improved customer service will result in higher sales -- and...
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Darden Extends Gains; Next Catalyst Is CEO Pick
Tuesday, July 29, 2014 - 4:30pm | 429Darden Restaurants (NYSE: DRI) shares continued to gain Tuesday while analysts mulled news that CEO Clarence Otis had been forced out by activist investor Starboard. The next catalyst for Darden may come when Otis' replacement is named. Starboard, which seeks Darden's break up, could...
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UPDATE: Bank of America Reiterates on Brinker International on Solid Margins, Modest Sales Increase
Thursday, April 24, 2014 - 10:09am | 202In a report published Thursday, Bank of America analyst Joseph T. Buckley reiterated an Underperform rating on Brinker International (NYSE: EAT), and raised the price target from $40.00 to $44.00. In the report, Bank of America noted, “EAT reported 3Q (March) EPS of $0.84, in-line with our...
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UPDATE: Bank of America Upgrades Red Robin Gourmet Burgers as Premium Valuation is Warranted
Monday, February 10, 2014 - 9:46am | 175In a report published Monday, Bank of America analyst Joseph T. Buckley upgraded the rating on Red Robin Gourmet Burgers (NASDAQ: RRGB) from Underperform to Buy, and reiterated the $80.00 price target. In the report, Bank of America noted, “We are upgrading our rating on RRGB shares from...
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UPDATE: Bank of America Downgrades Red Robin Gourmet Burgers on Valuation
Wednesday, November 6, 2013 - 10:10am | 160In a report published Wednesday, Bank of America analyst Joseph T. Buckley downgraded the rating on Red Robin Gourmet Burgers (NASDAQ: RRGB) from Neutral to Underperform, but raised the price target from $64.00 to $80.00. In the report, Bank of America noted, “We are lowering our rating on RRGB...
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UPDATE: Bank of America Reiterates on Chipotle Mexican Grill as Valuation is Expected to Move Higher
Wednesday, October 30, 2013 - 10:38am | 159In a report published Wednesday, Bank of America analyst Joseph T. Buckley reiterated a Buy rating on Chipotle Mexican Grill (NYSE: CMG), and raised the price target from $525.00 to $600.00. In the report, Bank of America noted, “We continue to rate CMG shares Buy and are raising our price...
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UPDATE: Bank of America Raises PT on Cracker Barrel Old Country Store on Higher Estimates, Restaurant Group Valuations
Thursday, September 19, 2013 - 11:29am | 144In a report published Thursday, Bank of America analyst Joseph T. Buckley reiterated a Neutral rating on Cracker Barrel Old Country Store (NASDAQ: CBRL), and raised the price target from $101.00 to $110.00. In the report, Bank of America noted, “We continue to rate CBRL shares Neutral and are...
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UPDATE: Bank of America Upgrades Yum! Brands on Positive Outlook
Wednesday, August 7, 2013 - 9:22am | 206In a report published Wednesday, Bank of America analyst Joseph T. Buckley upgraded Yum! Brands (NYSE: YUM) from Underperform to Neutral, and raised the price target from $60.00 to $79.00. In the report, Bank of America noted, “We are raising our rating on YUM shares from Underperform to...
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UPDATE: Bank of America Initiates Noodles & Co. at Neutral on Valuation
Tuesday, July 23, 2013 - 10:52am | 181In a report published Tuesday, Bank of America analyst Joseph T. Buckley initiated coverage on Noodles & Co. (NASDAQ: NDLS) with a Neutral rating and $48.00 price target. In the report, Bank of America noted, “We are initiating coverage of NDLS shares with a Neutral rating and a $48 price...
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UPDATE: Bank of America Raises PO on Bloomin' Brands as 'Outback Is Well-Positioned'
Wednesday, June 19, 2013 - 11:53am | 172In a report published on Wednesday, Bank of America analyst Joseph T. Buckley raised the price objective on Bloomin' Brands (NASDAQ: BLMN) from $25 to $29 and maintained a Buy rating on the company. In the report, Bank of America commented that, "Outback has performed well driven by stronger...
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UPDATE: Bank of America Raises PO on Cracker Barrel on Higher Guidance Estimates
Tuesday, June 4, 2013 - 10:30am | 112In a report published Monday, Bank of America analyst Joseph T. Buckley reaffirmed a Neutral rating on Cracker Barrel (NASDAQ: CBRL) and raised the price target from $99 to $101. In the report, Bank of America cited that the price target increase was, “premised on 15x potential EPS of $6.70, as...