Piper Sandler analyst Brian Mullan lowered the firm’s price target on Restaurant Brands (QSR) to $70 from $72 and keeps a Neutral rating on the shares after the company reported earnings. Overall, the quarter was about as expected, the firm notes. The main positives were that the Tim Hortons brand in Canada saw same-store sales of +3.6% in the quarter, which was an acceleration on both the 2-year and the versus 2019 stacks; and that Burger King International grew constant FX system sales by about 8%, with solid comparable sales.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- Restaurant Brands price target lowered to $78 from $80 at Barclays
- Restaurant Brands International Reports Strong Q2 2025 Results
- Restaurant Brands International’s Earnings Call Highlights Growth and Challenges
- Hold Rating Maintained Amid Concerns Over Burger King’s Performance and Industry Challenges
- Morning Movers: Apple adds to yesterday’s gains, Trump calls out Intel CEO