Deutsche Bank analyst Lauren Silberman raised the firm’s price target on Restaurant Brands (QSR) to $87 from $79 and keeps a Buy rating on the shares. The analyst says the Carrols Restaurant (TAST) acquisition will accelerate Burger King’s turnaround.
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Read More on QSR:
- M & A News: Restaurant Brands (TSE:QSR) to Acquire Carrols for $1B
- Restaurant Brands price target raised to $85 from $75 at Morgan Stanley
- Restaurant Brands to acquire Carrols Restaurant for $9.55 per share in cash
- Burger King® Company to Acquire Carrols Restaurant Group
- The restaurant stocks to own in 2024, according to Wells Fargo
