UPDATE: Bank of America Downgrades Red Robin Gourmet Burgers to Neutral on Valuation
Posted on January 10, 2013 at 10:22 AM EST
Bank of America downgraded Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB ) from Buy to Neutral and maintaind a $38.00 price objective. Bank of America noted, "We are lowering our rating on RRGB shares from Buy to Neutral while maintaining our price objective of $38. RRGB shares have traded up