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Fly News Breaks for December 12, 2019
QSR
Dec 12, 2019 | 16:24 EDT
Stifel analyst Chris O'Cull initiated coverage of Restaurant Brands with a Hold rating and $68 price target. The analyst views the current valuation as "reasonable" based on his projection that the company's EBITDA will grow in the mid-single-digit range, or inline with the Street.
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.
