Wachovia downgrades Applebee's (APPB) to Underperform
APPB Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Wachovia downgrades Applebee's International Inc. (Nasdaq: APPB) from Market Perform to Underperform.
Commenting on Applebee's, the firm said, "there is greater potential for downside risk (with the stock trading so close to IHOP's proposed $25.50 per share acquisition price) in the event that the transaction does not go through."
Commenting on Applebee's, the firm said, "there is greater potential for downside risk (with the stock trading so close to IHOP's proposed $25.50 per share acquisition price) in the event that the transaction does not go through."
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