2022-05-05 07:07:10 QSR Restaurant Brands
05/05/22 05/0507:07 05/05/2207:07 | Restaurant Brands price target lowered to $68 from $73 at Credit SuisseCredit Suisse analyst Lauren Silberman lowered the firm's price target on Restaurant Brands to $68 from $73 and keeps an Outperform rating on the shares. The analyst notes Restaurant Brands reported a mixed Q1, with EPS of 64c and EBITDA of $530M. While sentiment has been challenged, in large part driven by home market underperformance, Silberman believes continued improvement at Tim Hortons, narrowing of the underperformance gap at Burger King U.S. and execution against Restaurant Brands' 5% long-term unit growth algorithm will encourage investors to get more constructive. |
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