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Goldman Sachs Resumes Burger King Worldwide (BKW) at Buy

December 8, 2014 7:01 AM EST
Get Alerts BKW Hot Sheet
Price: $35.50 --0%

Rating Summary:
    6 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Goldman Sachs resumes coverage on Burger King Worldwide (NYSE: BKW) with a Buy rating and a price target of $39.00.

Analyst Karen Holthouse commented, "We see the tailwinds that have broadly contributed to improving US comps continuing into 2015 and also see growing credibility around the international growth story. Net international growth is up more than 7x from 2006 levels, and the proposed THI merger shows a willingness to leverage its balance sheet and franchise network into new international growth verticals."

Holthouse noted the following catalysts: (1) Growing signs that US changes are resonating with consumers…, (2) …with other comp tailwinds continuing into 2015, (3) Prefer franchised business model through end of beef inflation cycle:, (4) Growing credibility for the international growth story.

For an analyst ratings summary and ratings history on Burger King Worldwide click here. For more ratings news on Burger King Worldwide click here.

Shares of Burger King Worldwide closed at $34.81 yesterday.



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