On Nov 07, major Wall Street analysts update their ratings for $Restaurant Brands International (QSR.US)$, with price targets ranging from $77 to $93.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and adjusts the target price from $84 to $81.
BofA Securities analyst Sara Senatore maintains with a sell rating.
Deutsche Bank analyst Lauren Silberman maintains with a buy rating, and adjusts the target price from $90 to $84.
Evercore analyst David Palmer maintains with a buy rating, and adjusts the target price from $93 to $90.
Loop Capital analyst Alton Stump maintains with a buy rating, and maintains the target price at $93.
Furthermore, according to the comprehensive report, the opinions of $Restaurant Brands International (QSR.US)$'s main analysts recently are as follows:
Restaurant Brands' third quarter performance was underwhelming, with comparables trailing behind consensus in all segments. Nonetheless, there was a noticeable acceleration in comparables during October.
The company exhibited a mixed performance recently, with a notable uptick in business during October as consolidated comparable sales figures rose to low-single-digit levels. Despite the third quarter falling short of expectations with weaker-than-anticipated comps across the board, leading to a 2.5% shortfall in revenue, the company has shown a consistent capacity for expense management amidst a tough macroeconomic landscape. This adeptness could bolster investor confidence in the potential for some earnings stability in the coming year.
The company's Q3 results broadly missed consensus forecasts due to macro and competitive challenges throughout the period. Following a Q3 shortfall against expectations, the company revised its full-year projections for systemwide sales to 5%-5.5% and unit growth to 3.5%. Nonetheless, it maintains its anticipation of over 8% adjusted operating income growth and has reasserted its five-year forecast, which includes over 8% systemwide sales growth and an average of 5% unit growth through 2028.
The firm has observed that Restaurant Brands' Q3 outcomes did not meet expectations. There was a notable deceleration in comparable sales across the company's various concepts, and the projections for unit growth by 2024 have been adjusted downward once more.
Here are the latest investment ratings and price targets for $Restaurant Brands International (QSR.US)$ from 9 analysts:
Note:
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