Truist downgraded Carrols Restaurant (TAST) to Hold from Buy with a price target of $9.55, down from $10, citing the agreed upon purchase price by Restaurant Brands (QSR). While Carrols has a 30 day ‘go shop’ period, the fir does not expect another bid.
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Read More on TAST:
- CIBC trims Restaurant Brands target, neutral on acquisition
- Restaurant Brands price target raised to $87 from $79 at Deutsche Bank
- Carrols Restaurant downgraded to Hold from Buy at Craig-Hallum
- Carrols Restaurant downgraded to Equal Weight from Overweight at Stephens
- M & A News: Restaurant Brands (TSE:QSR) to Acquire Carrols for $1B