TD Cowen says the Carrols Restaurant (TAST) acquisition amplifies the importance of Burger King U.S. to the Restaurant Brands (QSR) story and signals confidence in sustained momentum following 2023’s strong rebound. The firm likes the visibility the acquisition brings toward reimaging another 10% of Burger King U.S. restaurants over the next five years. It says Carrols helps Restaurant Brands deliver on improved Burger King positioning. TD keeps an Outperform rating on Restaurant Brands.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on QSR:
- Burger King® Company to Acquire Carrols Restaurant Group
- The restaurant stocks to own in 2024, according to Wells Fargo
- Restaurant Brands price target raised to $88 from $82 at CIBC
- The restaurants stocks to own in 2024, according to Bernstein
- Chipotle price target raised to $2,400 from $2,300 at Bernstein
