Fly News Breaks for February 12, 2019
QSR
Feb 12, 2019 | 07:20 EDT
Oppenheimer analyst Brian Bittner raised his price target for Restaurant Brands to $75 from $65 and reiterated an Outperform rating on the shares. While the stock is up 24% year-to-date, the analyst continues to pitch it as a top 2019 idea, particularly ahead of its inaugural Investor Day as he believes the event could elevate conviction that Restaurant Brands has tools for best-in-class growth amongst the group. Further, with accounting noise from 2018 in the rear-view mirror, Bittner expects much healthier 2019 earnings growth. Capital optionality through M&A also remains a unique catalyst to revise estimates and create value, he adds.
News For QSR From the Last 2 Days
QSR
Apr 16, 2024 | 06:22 EDT
Citi analyst Jon Tower lowered the firm's price target on Restaurant Brands to $78 from $81 and keeps a Neutral rating on the shares ahead of the Q1 report. The analyst expects the company continues to point to ongoing strength in the core Tim Horton's Canada business and progress on the Burger King U.S. turnaround. However, like global peers, the tone on demand will remain muted, the analyst tells investors in a research note.