Shares of MongoDB (NASDAQ: MDB) rose 6.9% on Friday, following an analyst upgrade. UBS analyst Karl Keirstead lifted his rating on MongoDB's stock from neutral to buy and boosted his price forecast from $345 to $450. MongoDB's shares have surged more than 40% since the database software leader delivered strong fiscal 2022 fourth-quarter financial results on March 8. Read More...
Reuters
Burger King says Russia operator ‘refused’ to shutter restaurants
NEW YORK (Reuters) -Burger King’s parent company said on Thursday it has not been able to close its 800 restaurants in Russia because its independent operator there “refused” to do so. Restaurant Brands International Inc said that to enforce its contracts with the partner, Alexander Kolobov, it would need the help of the Russian government, but “we know that will not practically happen anytime soon,” according to a letter to employees from David Shear, president, international, of the company. Shear’s long letter and Kolobov’s response highlight the many complications bedeviling some American fast-food brands as they try to halt operations in Russia following Moscow’s invasion of Ukraine.
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