Cowen analyst Andrew Charles raised the firm’s price target on Restaurant Brands to $72 from $63 and keeps a Market Perform rating on the shares. The analyst said he remains cautious despite 1st quarter under newly appointed Chairman Patrick Doyle. He did say he is incrementally warming up to the story, as his checks suggest the challenged BK U.S. business will beat consensus in 4Q.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on QSR:
- Subway looks into sale that could value company at over $10B, WSJ says
- Oppenheimer downgrades Wendy’s, reveals top 2023 restaurant picks
- Restaurant Brands price target raised to $80 from $68 at Barclays
- Restaurant Brands announces plans to open dozens of Popeyes in Kazakhstan
- Restaurant Brands price target raised to $77 from $71 at Argus
