BofA/Merrill Lynch Cuts Arcos Dorados (ARCO) to Underperform in Mid-Day Note

An analyst at BofA/Merrill Lynch downgraded Arcos Dorados Holdings (NYSE: ARCO) shares from Neutral to Underperform in an afternoon research note. The stock's price target was lowered from $22 to $14.25.

Shares have plunged more than 17 percent Friday following a Q1 miss from the company this morning.

For an analyst ratings summary and ratings history on Arcos Dorados Holdings click here. For more ratings news on Arcos Dorados Holdings click here.

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