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Fly News Breaks for October 18, 2019
QSR
Oct 18, 2019 | 09:31 EDT
Cleveland Research analyst Steven Gojak raised his Q3 U.S. comparable sales growth estimates for Restaurant Brands' Burger King and Popeyes brands based on strong new product rollouts at each, though he thinks the strength for those two is somewhat offset by softer than expected trends at Tim Hortons Canada. Gojak has a Neutral rating on Restaurant Brands shares.
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.
