JP Morgan Initiates Coverage On Restaurant Brands Intl with Overweight Rating, Announces Price Target of $82
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst John Ivankoe has initiated coverage on Restaurant Brands Intl (NYSE:QSR) with an Overweight rating and a price target of $82.
August 21, 2023 | 9:09 am
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POSITIVE IMPACT
JP Morgan has initiated coverage on Restaurant Brands Intl with an Overweight rating and a price target of $82, which could positively impact the stock.
The initiation of coverage by a major financial institution like JP Morgan generally brings a stock into focus for many investors. The Overweight rating indicates that the analyst believes the company's stock will outperform the market, which could lead to increased demand for the stock and potentially drive up its price. The price target of $82 also suggests that the analyst sees significant upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100