CIBC lowered the firm’s price target on Restaurant Brands (QSR) to $86 from $88 and keeps an Outperformer rating on the shares. The firm says Restaurant Brands leaned on operating leverage to drive an in-line earnings performance despite weaker than expected sales growth across brands and geographies. It moderated fiscal 2025 estimates to reflect “softer-for-longer” comps and a weaker unit growth outlook.
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Read More on QSR:
- 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
- Restaurant Brands price target lowered to $72 from $77 at Wells Fargo
- Restaurant Brands price target lowered to $84 from $89 at Barclays
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