Burger King (BKW), Tim Hortons (THI) Officially Enter Merger Agreement

Go back to Burger King (BKW), Tim Hortons (THI) Officially Enter Merger Agreement

KeyBanc Downgrades Tim Hortons (THI) to Hold

August 27, 2014 9:21 AM EDT

KeyBanc downgraded Tim Hortons (NYSE: THI) from Buy to Hold.

Analyst Christopher O'Cull said, "Following the announcement Tim Hortons has entered into a definitive agreement to be acquired by Burger King... More

CIBC Downgrades Tim Hortons (THI) to Sector Perform

August 27, 2014 8:10 AM EDT

CIBC downgraded Tim Hortons (NYSE: THI) from Sector Outperform to Sector Perform.

For an analyst ratings summary and ratings history on Tim Hortons click here. For more ratings news on Tim Hortons click here.

Shares of Tim Hortons closed at $81.05 yesterday.

... More

Raymond James Downgrades Tim Hortons (THI) to Market Perform

August 27, 2014 8:09 AM EDT

Raymond James downgraded Tim Hortons (NYSE: THI) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on Tim Hortons click here. For more ratings news on Tim Hortons click here.

Shares of Tim Hortons closed at $81.05 yesterday.

... More

Credit Suisse Upgrades Tim Hortons (THI) to Neutral

August 27, 2014 8:09 AM EDT

Credit Suisse upgraded Tim Hortons (NYSE: THI) from Underperform to Neutral.

For an analyst ratings summary and ratings history on Tim Hortons click here. For more ratings news on Tim Hortons click here.

Shares of Tim Hortons closed at $81.05 yesterday.

... More

S&P Places Burger King (BKW) Ratings on CreditWatch Negative Following Tim Hortons (THI) Headlines

August 26, 2014 2:04 PM EDT

Standard & Poors Ratings Services today placed its ratings on quick service hamburger chain Burger King Corp. (NYSE: BKW) on CreditWatch with negative implications, meaning that we could lower or affirm our ratings following the completion of our review.

The CreditWatch listing... More

Warren Buffet Helping Finance Burger King (BKW) Merger with Tim Hortons (THI) - WSJ

August 26, 2014 6:40 AM EDT

Warren Buffet is helping finance Burger King's (NYSE: BKW) merger with Tim Hortons (NYSE: THI), according WSJ. Buffet is expected to finance 25% of the deal.

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Burger King (BKW) Gains Bolster Solid FY14 Performance for Pershing Square's Ackman

August 26, 2014 6:34 AM EDT

Bill Ackman's Pershing Square is having a stellar year, bolstered only by recent gains on his Burger King Worldwide (NYSE: BKW) stake.

According to market data, yesterday's confirmation that Burger King and Tim Hortons (NYSE: THI)... More

Market Wrap: S&P's New Milestone; Hot Biotech, Fast Food M&A Action; Amazon Pulls Trigger on Twitch

August 25, 2014 5:21 PM EDT

Market wrap for August 25th

End of the Day: S&P 500 up 9.5 to 1,997.92; Dow Jones up 75.7 to 17,076.87; Nasdaq up 18.8 to 4,557.35

* The S&P 500 index moved above 2,000 points for the first time ever. The index rose to 2,000.24 early on Monday's session as momentum from the Jackson Hole Symposium last weekend carried over into Monday. Many suspect that the Fed will begin raising rates early in 2015 and that could be a positive for stocks as it would signal confidence behind the economic recovery, whic has been... More

Burger King (BKW) Valuation Reflects Aggressive Tim Hortons (THI) Assumptions, Says Analyst

August 25, 2014 3:14 PM EDT

Wells Fargo maintained a Market Perform rating on Burger King Worldwide (NYSE: BKW) and raised its price target to $30-$32 (from $26-$27). Earlier, Tim Hortons (NYSE: THI) and Burger King confirmed that they are in discussions regarding... More

BofA/Merrill Lynch Upgrades Burger King Worldwide (BKW) Two-Notches to Buy

August 25, 2014 1:06 PM EDT

BofA/Merrill Lynch upgraded Burger King Worldwide (NYSE: BKW) from Underperform to Buy with a price target of $38.00 (from $23.00) on the plan to combine with Tim Hortons.

Analyst Andrew Charles said, "In our view, significant upside exists for the new publicly... More