Noble Capital Downgrades Twin Hospitality (TWNP) to Market Perform

Noble Capital analyst Joe Gomes downgraded Twin Hospitality (NASDAQ: TWNP) from Outperform to Market Perform.

The analyst comments "Moving to Market Perform. Given the uncertainty in the debt restructuring, we are moving our rating to Market Perform from Outperform. We believe the current issue to be balance sheet related and not an indication of the Company's operating performance. If an agreement with the debtholders can be consummated, we believe the operating performance will improve over time as the entire restaurant industry works through the current challenging environment. Twin Hospitality's strong growth pipeline remains a positive development for driving future growth, in our view."

For an analyst ratings summary and ratings history on Twin Hospitality click here. For more ratings news on Twin Hospitality click here.

Shares of Twin Hospitality closed at $1.68 yesterday.

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