Restaurant Brands International (QSR) Receives a Buy from Evercore ISI

Evercore ISI analyst David Palmer maintained a Buy rating on Restaurant Brands International (QSRResearch Report) on July 19 and set a price target of $75.00. The company’s shares closed last Tuesday at $50.85.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 5.9% and a 59.8% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and BellRing Brands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Restaurant Brands International with a $60.03 average price target, which is a 17.3% upside from current levels. In a report issued on July 18, RBC Capital also maintained a Buy rating on the stock with a $68.00 price target.

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Restaurant Brands International’s market cap is currently $15.72B and has a P/E ratio of 18.71.

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Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant. The Popeyes segment handles chicken category of the quick service segment of the restaurant industry. The company was founded on August 25, 2014 and is headquartered in Toronto, Canada.

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