Restaurant Brands International (QSR – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Danilo Gargiulo from Bernstein maintained a Buy rating on the stock and has a $90.00 price target.
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Danilo Gargiulo has given his Buy rating due to a combination of factors indicating positive growth prospects for Restaurant Brands International. One of the key drivers is the consistent performance of Tim Hortons Canada, which has shown steady traffic growth and increased market share, even in a competitive environment. This growth is supported by innovation in their menu and strategic improvements aimed at enhancing customer experience.
Additionally, the international segment, particularly Burger King, is outperforming its peers, with notable sales growth despite minor challenges in China. The company’s remodeling initiatives and operational enhancements across its brands, including Burger King and Popeyes, further bolster confidence in sustained growth. The stock’s current valuation at a discount compared to its peers presents an attractive investment opportunity, as the valuation gap is expected to close with continued operational success and strategic financial management.
According to TipRanks, Gargiulo is an analyst with an average return of -3.9% and a 40.43% success rate. Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Yum! Brands, Chipotle, and McDonald’s.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $80.00 price target.