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Fly News Breaks for December 6, 2018
QSR
Dec 6, 2018 | 08:55 EDT
Cowen analyst Andrew Charles called Restaurant Brands a Best Idea for 2019. He noted the shares bottomed at a 3.5% yield three times during 2018. With an expected dividend increase of 10%, he calculates a floor in at $57 a share. He also said if a recovery at Tim Hortons fails to materialize, the break up value of the company implies a $69 per share value. Charles reiterated his Outperform rating and lowered his price target to $71 from $74 on Restaurant Brands shares.
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