The Globe and Mail reports in its Friday, Sept. 13, edition that RBC Capital Markets analyst Logan Reich has reaffirmed his "outperform" recommendation for Restaurant Brands International. The Globe's David Leeder writes that Mr. Reich gave his share target a $5 boost to $95 (all figures U.S.). Analysts on average target the shares at $84.55. Mr. Reich says in a note: "We continue to view Restaurant Brands as our top idea among the global franchised fast food group. We see potentially improving Burger King U.S. trends, accelerating development, and shifts in capital allocation (toward growth investments and reduction in leverage) driving stock performance. Relative valuation for Restaurant Brands remains compelling (approximately 15 times 2025 estimated EBITDA, versus global peer average of 17 times), in our view, particularly as we are taking a more cautious stance on the overall group." The Globe reported on April 30 that Scotia Capital's George Doumet was sticking with his "sector outperform" recommendation for Restaurant Brands. The shares were then worth $75.85. The Globe reported on May 2 that Citi analyst Jon Tower continued to rate Restaurant Brands "neutral." The shares were then going for $74.21.
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