Evercore ISI Remains a Buy on Restaurant Brands International (QSR)
In a report released today, David Palmer from Evercore ISI maintained a Buy rating on Restaurant Brands International, with a price target of $86.00.
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Palmer covers the Consumer Cyclical sector, focusing on stocks such as Wendy’s, Chipotle, and Brinker International. According to TipRanks, Palmer has an average return of 3.8% and a 56.97% success rate on recommended stocks.
In addition to Evercore ISI, Restaurant Brands International also received a Buy from Bernstein’s Danilo Gargiulo in a report issued on July 20. However, on July 15, Morgan Stanley maintained a Hold rating on Restaurant Brands International (NYSE: QSR).
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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