UPDATE: J.P. Morgan Lowers PT on Arcos Dorados Holdings on Downward EPS

In a report published Monday, J.P. Morgan analyst John Ivankoe reiterated a Neutral rating on Arcos Dorados Holdings (NYSE: ARCO ), but lowered the price target from $14.00 to $12.00. In the report, Ivankoe noted, “After briefly reaching a high of ~$28.50 on September 9, 2011, the stock has traded