Zacks Investment Research downgraded shares of ARCOS DORADOS-A (ARCO) from NEUTRAL to UNDERPERFORM on July 10, 2013, with a target price of $10.90.
Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's with its operations divided in Brazil North Latin America division South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Cura ao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina.
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