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 (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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