OAK BROOK Ill. Even the best restaurant companies can’t seem to catch a break in today’s economy. Morgan Stanley securities analyst John Glass downgraded McDonald’s Corp. stock on Thursday, saying the company has a limited future upside beyond its recent highs. Other quick-service stocks with more potential include Yum! Brands Inc. and Wendy’s/Arby’s Group Inc., Glass noted. “[McDonald’s] still has much going for it,” he said, “including best-in-class sales and a nascent ...
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Contact: Desiree Torres Desiree.Torres@penton.com