Argus downgraded Restaurant Brands (QSR) to Hold from Buy. The company’s Q4 earnings topped estimates, but the firm is concerned about its rising overall costs and the widening gap between meals away from home and groceries, which has hurt results, the analyst tells investors in a research note. Argus is cutting its FY25 EPS view by 50c to $4.00 while also citing the headwinds from weak consumer spending in China and the effects of conflicts in the Middle East.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- Strategic Execution and Strong Performance Drive Buy Rating for Restaurant Brands International
- Positive Growth Prospects for Restaurant Brands International: A Buy Rating Supported by Strong Performance and Strategic Enhancements
- Buy Rating on Restaurant Brands International: Strong Performance and Growth Potential Amidst Positive Economic Indicators
- Restaurant Brands price target lowered to $80 from $83 at Barclays
- Restaurant Brands International Reports Strong 2024 Growth