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Morgan Stanley's Fast Food Pair Trade

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Jack In The Box Inc. NASDAQ:JACK, Restaurant Brands Int'l NYSE:QSR - Morgan Stanley's Fast Food Pair Trade

It’s all about the risk/reward perspective, with shares of Jack in the Box Inc. JACK down 16 percent year-to-date, and Restaurant Brands International Inc QSR gaining 3 percent during the same period.

Morgan Stanley's John Glass upgraded the rating for Jack in the Box from Equal-weight to Overweight, while downgrading the rating for Restaurant Brands International from Overweight to Equal-weight, citing valuation as a reason for both the moves.