This morning, Morgan Stanley downgraded shares of Buffalo Wild Wings (NASDAQ:BWLD) to an underweight rating citing valuation. In the report, Morgan Stanley noted that the stock has cross above the firm's $143 price target and is currently overvalued based on forward earnings multiples. Shares of Buffalo Wild Wings were lower by 3.5% following the report.
Robert Baird downgraded shares of MeadWestvaco (NYSE:MWV) from outperform to neutral as the company probably won't surpass EPS estimates in the near term. Shares of MWV were off 1.2% on Thursday.
And Morgan Stanley downgraded shares of Yum! Brands (NYSE:YUM) from overweight to equal weight as concerns from China still weigh on the stock. In the report, Morgan Stanley set a $77 price target. Shares of Yum! Brands were lower by 1.6% on the news.
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