Benzinga | Oct 12, 2020 10:39AM EDT

Why Carrols Restaurants Is Trading Higher Today

Carrols Restaurants Group (NASDAQ:TAST) shares are trading higher on Monday after Raymond James upgraded the stock from Market Perform to Outperform and announced a price target of $9 per share.

Carrols Restaurant is a United States-based company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States. The Burger King restaurants are quick-service restaurants featuring hamburgers and other sandwiches.

Carrols shares traded up 7.30% to $7.35 on Monday at the time of publication. The stock has a 52-week high of $8.47 and a 52-week low of 98 cents.