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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- TD Cowen says Restaurant Brands leadership changes neutral to slightly positive
- Restaurant Brands Announces Executive Leadership Changes
- Restaurant Brands CFO Matt Dunnigan to depart, Sami Siddiqui to succeed
- Is Shake Shack Stock (NYSE:SHAK) a Buy after Its Stellar Q4 Results?
- Restaurant Brands price target raised to $82 from $78 at JPMorgan
