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Whoppers over Big Macs for Goldman analyst
Posted on May 09, 2008
Goldman Sachs analyst Steven Kron is changing his investment diet from Big Macs to Whoppers, after dropping McDonald's from Goldman's Conviction Buy list in favour of Burger King. It's not that he's lost his taste for McDonald's. In fact, he continues to rate the stock a buy with a US$68 price target, based on expectations for continued global momentum driven by dominant market share in value, breakfast, and snacking. Instead, Mr. Kron simply feels Burger King serves up more opportunity, at least in the near term, to outperform in the coming months. We expect a continuation of current to...
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