18:49:05 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 317,856,346
Close 2023-10-25 C$ 92.83
Market Cap C$ 29,506,604,599
Recent Sedar Documents

Globe says Citi "neutral" on Restaurant Brands Int'l

2023-10-25 08:36 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 25, edition that Citi analyst Jon Tower is sticking with his "neutral" call for Restaurant Brands International. The Globe's David Leeder writes that Mr. Tower slashed his share target by $11 (U.S.) to $72 (U.S.). Analysts on average target the shares at $79.25 (U.S.). The Globe says Mr. Tower sees "little room" for a near-term rerating in the shares ahead of the Nov. 2 release of its third quarter results. Mr. Tower says in a note: "We don't believe the market is fully capturing ramping international stories at Tims, Popeyes (and soon Firehouse) that can drive medium-term upside to net unit growth (NRG) and long-term upside to profits. However, limited visibility into the economics of these nascent businesses means limited ability to layer into valuation." The Globe reported on May 12 that Scotia Capital analyst Maher Yaghi continued to rate Quebecor "sector perform." In the item he said Restaurant Brands has been known to deliver "strong margins." The shares could then be had for $33.55 (Canadian). The Globe reported on Oct. 20 that at CIBC World Markets analyst Stephanie Price rated Quebecor "outperformer." The shares could then be had for $27.68 (Canadian).

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