BofA lowered the firm’s price target on Arcos Dorados (ARCO) to $11 from $12 and keeps a Buy rating on the shares. Forex impacts and higher Brazil protein prices are headwinds and Arcos faces a tough Q1 calendar, says the analyst, who sees signs of slowing demand in Brazil and Mexico. However, the firm views the stock’s valuation as “attractive” and reaffirms a Buy rating on the shares after Q4 earnings.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARCO:
- Arcos Dorados Reports Record 2024 Revenue Growth
- Arcos Dorados Holdings: Resilient Financial Performance and Strategic Growth Amidst Macroeconomic Challenges
- Arcos Dorados Reports Record EBITDA Amid Market Challenges
- Morning Movers: iRobot plunges following Q4 results
- Arcos Dorados Reports 2024 Financial Results Amid Asset Impairment Challenges
Questions or Comments about the article? Write to editor@tipranks.com