Restaurant Brands International's (QSR) New CEO Generates Positive Feedback From Franchisees - UBS

UBS analyst Dennis Geiger reiterated a Buy rating and $74.00 price target on Restaurant Brands International (NYSE: QSR) after channel checks with Burger King franchisees and industry contacts indicate that the company is in good hands under the new CEO José Cil. Conversations highlight Cil's strength as a natural leader w/ an effective communication
style and the analyst believes his experience in operations, marketing, global restaurant development, and franchise relations brings much to the company.

The analyst stated "In his 18 years at BK, Cil helped drive significant growth, including acceleration from 170 new units per year in 2010 to now >1,000/year. We expect strategic priorities to remain largely unchanged under Cil's leadership, w/ a focus on accelerating global growth across BK, Tim Hortons and Popeyes (rather than cost reductions). In his new role as CEO, Cil will need to continue to manage franchisee relations, effectively deliver a transparent growth message at the May 15th investor day, and build on recent business momentum".

For an analyst ratings summary and ratings history on Restaurant Brands International click here. For more ratings news on Restaurant Brands International click here.

Shares of Restaurant Brands International closed at $62.40 yesterday.

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