More from Dividend.com
Referenced Stocks

Goldman Sachs Downgrades Tim Hortons to “Neutral” (THI)

By Dividend.com,  April 04, 2012, 08:48:23 AM EDT

Quick service coffee and doughnut chain Tim Hortons Inc. ( THI ) on Wednesday caught a big downgrade from analysts at Goldman Sachs.

The firm said it cut its rating on THI from "Buy" to "Neutral" and lowered its price target from $58 to $57. That new target suggests a small 4% upside to the stock's Tuesday closing price of $54.69.

Although Goldman remains positive on the company as a whole, the analyst simply sees better investing opportunities in the Restaurant space. Softer traffic trends have also emerged in THI's home Canadian market, and if coffee prices fall, the company wouldn't be able to benefit since 99% of its locations are franchised.

Tim Hortons shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of Tim Hortons ( THI ) have a 1.54% dividend yield, based on last night's closing stock price of $54.69. The stock has technical support in the $50-$51 price area. The stock is trading near all-time highs.

Tim Hortons Inc. ( THI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: THI



Latest News Video

Anti-Islamist English Defense League Takes to Streets of Newcastle
Anti-Islamist English Defense Leagu...
Missouri Train Crash Collapses Overpass, Injures 7
Missouri Train Crash Collapses Over...
'Black Widow' Suicide Bomber Attacks Russian Police
'Black Widow' Suicide Bomber Attack...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%