Deutsche Bank analyst Lauren Silberman raised the firm’s price target on Restaurant Brands (QSR) to $87 from $79 and keeps a Buy rating on the shares. The analyst says the Carrols Restaurant (TAST) acquisition will accelerate Burger King’s turnaround.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on QSR:
- M & A News: Restaurant Brands (TSE:QSR) to Acquire Carrols for $1B
- Restaurant Brands price target raised to $85 from $75 at Morgan Stanley
- Restaurant Brands to acquire Carrols Restaurant for $9.55 per share in cash
- Burger King® Company to Acquire Carrols Restaurant Group
- The restaurant stocks to own in 2024, according to Wells Fargo