Stifel analyst Chris O’Cull lowered the firm’s price target on Restaurant Brands (QSR) to $72 from $77 and keeps a Hold rating on the shares. The firm lowered its FY25 EPS to $3.82 from $3.85, primarily due to a lower comp projection for the International segment, and we lowered long-term estimates due to assuming fewer unit openings, the analyst tells investors.
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Read More on QSR:
- Restaurant Brands price target lowered to $80 from $85 at Argus
- Restaurant Brands price target lowered to $86 from $88 at CIBC
- Restaurant Brands price target lowered to $84 from $90 at Deutsche Bank
- Restaurant Brands price target lowered to $90 from $95 at RBC Capital
- Restaurant Brands price target lowered to $78 from $80 at KeyBanc