Restaurant Brands International (QSR) Gets a Buy from Evercore ISI
Restaurant Brands International (QSR) received a Buy rating and $88.00 price target from Evercore ISI, while UBS also recommended Buy and Wells Fargo assigned Hold. QSR reported Q3 revenue of $2.53B and net profit of $542M, up from $2.45B and $315M last year. Insider sentiment is negative, with recent sales by executives.
How this was made
The 30-second read
Why it matters
New buy rating with $88 target may attract buyers; insider selling and a Hold rating introduce downside risk.
Market read
Analyst rating updates combined with earnings beat provide a modest trading catalyst for QSR.
What to watch
Recent insider sales and mixed analyst views could temper upside.
Background
Restaurant Brands International reported Q3 revenue of $2.53 bn and net profit of $542 m, up from prior year, and received new analyst ratings.
Ticker impact
Evercore ISI maintains a Buy rating with an $88 price target and Wells Fargo assigns a Hold, providing new analyst coverage for QSR.
likely modest upside as investors price in the new buy rating
Analyst upgrade with a concrete price target often prompts short-term buying, though mixed with a Hold from another house.
Market effects
Positive coverage may lift sentiment in the quick‑service restaurant sector.
North American consumer‑cyclical stocks could see slight uptick.
Limited to investors tracking QSR and comparable QSR peers.
Counterpoint
The Hold from Wells Fargo suggests caution; price target may be optimistic given recent insider selling.
Key entities
- companyRestaurant Brands International
Parent of Tim Hortons, Burger King, Popeyes.
- analystEvercore ISI
Maintains Buy rating with $88 price target.
- analystWells Fargo
Assigns Hold rating to QSR.
