TD Cowen Maintains Buy on Restaurant Brands Intl, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles maintains a Buy rating on Restaurant Brands Intl (NYSE:QSR) but lowers the price target from $90 to $84.

April 12, 2024 | 12:05 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on Restaurant Brands Intl but lowers the price target from $90 to $84.
The adjustment in price target by TD Cowen reflects a revised valuation outlook for Restaurant Brands Intl, though the Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to short-term market uncertainty for QSR's stock, as investors digest the implications of a lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100