BUZZ-Burger King parent Restaurant Brands up after Guggenheim upgrades to 'buy'
ReutersJan 24, 2025 1:01 PM
U.S.-listed shares of Burger King parent Restaurant Brands QSR.NQSR.TO rise 1.24% at $62.29 premarket
Brokerage Guggenheim upgrades stock to "buy" from "hold", cites attractive valuation of shares due to stock underperformance
Says earnings volatility in franchised quick service is low, and brokerage thinks market share gains in international for
Burger King have the chance of being the upside surprise that reverses some of the stock underperformance
Says co's chairman Patrick Doyle has been making the right strategic improvements to business
Co is set to report Q4 results on Feb. 12
Eleven of 16 brokerages rate the stock "buy" or higher, and five "hold"; with a median PT of $80.50 - LSEG data
QSR fell ~16% in 2024
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