BUZZ-Restaurant Brands International falls after TD Cowen downgrades to 'hold'

Shares of Burger King parent Restaurant Brands International QSR.N,QSR.TO down about 3% in early trading

TD Cowen downgrades stock to "hold" from "buy"

Brokerage sees risks in Canada from immigration reform and tariffs weighing on Tim Horton chain's successful track record

QSR beat Q4 results on Wednesday on demand for value meals at Burger King and strength of Tim Horton in Canada

Brokerage sees a lack of confidence that Burger King has a compelling strategy to combat peers' chicken-focused menu innovation, while company looks to fill the CMO role

14 of 22 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; with a median PT of $78

U.S.-listed shares fell 16.6% and Toronto shares fell 9.5% in 2024