KeyBanc last night upgraded Restaurant Brands to Overweight from Sector Weight with a $76 price target. With better franchisee alignment and a fresh strategy to improve same-store-sales, the company’s growth prospects have improved significantly since the first half of 2022, the analyst tells investors in a research note. The firm sees a "compelling" risk/reward given the stock’s discount relative to peers. It cites better transparency and evidence of improving franchisee profitability under Executive Chairman Patrick Doyle for the upgrade.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on QSR:
- Restaurant Brands upgraded to Overweight from Sector Weight at KeyBanc
- Restaurant Brands price target raised to $65 from $60 at Stifel
- Restaurant Brands price target raised to $73 from $71 at Truist
- Restaurant Brands price target lowered to $78 from $80 at Barclays
- Restaurant Brands price target raised to $74 from $69 at Credit Suisse
