RBC Capital Sticks to Its Buy Rating for Restaurant Brands International (QSR)
In a report released on July 6, Logan Reich from RBC Capital maintained a Buy rating on Restaurant Brands International, with a price target of $85.00. The company’s shares closed yesterday at $73.25.
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According to TipRanks, Reich is an analyst with an average return of -4.8% and a 53.50% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Wendy’s, and Restaurant Brands International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Restaurant Brands International with a $86.53 average price target.
Based on Restaurant Brands International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.26 billion and a net profit of $338 million. In comparison, last year the company earned a revenue of $2.11 billion and had a net profit of $159 million
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