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January 8, 2014
05:48 EDTMCD, WEN, BKWMcDonald's downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded its rating on McDonald's (MCD) to Market Perform from Outperform saying the fast food maker has lost market share in the U.S. in three of the last four months through November. Wells believes Wendy's (WEN) and Burger King (BKW) have raised the competitive bar and lowered its price target range for shares of McDonald's to $100-$102 from $104-$108. Shares of the food giant closed yesterday up 53c to $96.38.
News For MCD;WEN;BKW From The Last 14 Days
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April 10, 2014
10:29 EDTWENWendy's initiated with a Buy at Tigress Financial
April 4, 2014
06:54 EDTMCDMcDonald's ceases work in Crimea, Reuters says
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06:44 EDTBKW, WENMost senators resisting compromise on minimum wage increase, Politico reports
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April 3, 2014
06:34 EDTBKW, MCD, WENStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link

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