UPDATE: J.P. Morgan Upgrades Arcos Dorados Holding Ahead of Expected Outperformance
October 29, 2013 at 10:23 AM EDT
In a report published Tuesday, J.P. Morgan analyst John Ivankoe upgraded the rating on Arcos Dorados Holding (NYSE: ARCO ) from Neutral to Overweight, and raised the price target from $13.00 to $14.00. In the report, J.P. Morgan noted, “We are upgrading ARCO from Neutral to Overweight, our first OW
