Oct. 25th, 2016

Carol Levenson of independent bond research firm Gimme Credit keeps her “underperform rating” on the bonds in a Monday report.

She notes that U.S. sales growth comparisons will get tougher as it has now been just over a year since all-day breakfast was introduced. Also, the company benefited from margin expansion due to lower commodity prices and some price increases. Those won’t repeat, making margin comparisons tougher going forward

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