Oppenheimer lowered the firm’s price target on Restaurant Brands (QSR) to $86 from $89 and keeps an Outperform rating on the shares. The firm flags a more difficult near-term setup for Restaurant Brands into Q3 results on November 5. Based on its analysis, Oppenheimer models slight same-store sales shortfalls in Q3/Q4 across key business segments.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- Restaurant Brands rallies after Truist says Addam’s Family menu selling out
- Huge National Cheeseburger Day Deals Do McDonald’s (NYSE:MCD) Few Favors
- Restaurant Brands price target raised to $84 from $80 at JPMorgan
- Restaurant Brands price target raised to $95 from $90 at RBC Capital
- Restaurant Brands price target raised to $74 from $73 at Guggenheim