Baird Upgrades SBUX, YUM to Outperform, Downgrades CAKE, TXRH to Neutral

August 8, 2011 8:19 AM EDT Send to a Friend
Get Alerts SBUX Hot Sheet
Price: $64.13 --0%

Rating Summary:
    18 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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In the Restaurant sector Monday morning, Baird's David Tarantino made the following rating changes:
  • upgraded Starbucks (Nasdaq: SBUX) from Neutral to Outperform, $45 price target maintained
  • upgraded Yum! Brands (NYSE: YUM) from Neutral to Outperform, $60 price target maintained
  • downgraded The Cheesecake Factory (Nasdaq: CAKE) from Outperform to Neutral, price target reduced from $38 to $30
  • downgraded Texas Roadhouse (Nasdaq: TXRH) from Outperform to Neutral, price target reduced from $18 to $16
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