BMO Capital Maintains Outperform on Restaurant Brands Intl, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained an 'Outperform' rating on Restaurant Brands Intl (NYSE:QSR) but lowered the price target from $88 to $85.
November 07, 2023 | 5:47 pm
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NEUTRAL IMPACT
Restaurant Brands Intl's price target has been lowered from $88 to $85 by BMO Capital, though the 'Outperform' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Outperform' rating indicates that BMO Capital still sees potential in Restaurant Brands Intl. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100