BMO Capital Maintains Outperform Rating for Restaurant Brands Intl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has reaffirmed its Outperform rating on Restaurant Brands Intl (NYSE:QSR) and increased its price target from $85.00 to $90.00. Despite a 28.21% decline in share price over the last 24 hours to $76.61, the new target suggests a potential 17.48% upside. Restaurant Brands Intl, with $39 billion in 2022 sales, operates Burger King, Tim Hortons, Popeyes Louisiana Kitchen, and Firehouse Subs, totaling nearly 30,000 restaurants globally.
February 14, 2024 | 5:00 pm
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BMO Capital maintains Outperform rating on Restaurant Brands Intl, raising price target from $85 to $90, despite a recent 28.21% drop in share price to $76.61.
The reaffirmation of the Outperform rating and the increase in price target by BMO Capital, despite a significant recent drop in share price, suggests a strong vote of confidence in Restaurant Brands Intl's fundamentals and future growth prospects. This analyst action could positively influence investor sentiment and potentially drive up the stock price in the short term, especially considering the company's substantial global presence and $39 billion in sales in 2022.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100