Citigroup Maintains Neutral on Restaurant Brands Intl, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower maintains a Neutral rating on Restaurant Brands Intl (NYSE:QSR) and lowers the price target from $81 to $78.
April 16, 2024 | 2:44 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Restaurant Brands Intl and lowers the price target from $81 to $78.
The adjustment in price target by Citigroup reflects a recalibration of expectations for Restaurant Brands Intl's stock, likely due to updated analysis on the company's future performance. A neutral rating with a lowered price target suggests that while Citigroup does not see significant downside risk, it also does not anticipate substantial upside in the near term. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100