Barclays raised the firm’s price target on Restaurant Brands to $86 from $84 and keeps an Overweight rating on the shares post the Q2 beat. The company is seeing accelerating comp momentum at both Tim Hortons Canada and Burger King US, the analyst tells investors in a research note.
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Read More on QSR:
- Restaurant Brands Chairman: It was a great quarter overall
- Stephens stays neutral on Restaurant Brands pending visibility on brand momentum
- Restaurant Brands reports Q2 adjusted EPS 85c, consensus 76c
- Notable companies reporting before tomorrow’s open
- Restaurant Brands International (QSR) Q2 Earnings Cheat Sheet