Burger King (BKC) NewsBite - BKC Gets Broker Upgrade
Posted: Thursday, March 18, 2010 10:06 AM EDT
By: Market Intelligence Center Staff
Burger King (NYSE: BKC) opened at $20.68. So far today, the stock has hit a low of $20.49 and a high of $20.91. BKC is now trading at $20.72, up $0.55 (2.73%). Over the last 52 weeks the stock has ranged from a low of $15.61 to a high of $24.10. BKC was upgraded at Deutsche Bank to Buy from Hold this morning, with an analyst adding in a note to investors that the company should see sales improvement over a bad January and February. Technical indicators for the stock are neutral and S&P gives BKC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BKC the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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