Barclays maintains an 'Overweight' on Tim Hortons (THI); Q1 Preview: Compelling Defensive Earnings Growth Story

Barclays maintains an 'Overweight' on Tim Hortons (NYSE: THI) price target of CAD$56.00.

Analyst, Jim Durran, said, "Forecasting Q1 EPS of $0.59 (+23% y/y) vs. consensus of $0.58. Forecast revenue growth of 9.8% y/y expected to be driven by 5.5% CSS in Canada and 6.0% in the U.S. EBITDA is expected to be up 13.5% to 169mn. We expect Tim's continued share buy-back activity to drive EPS growth of 8% y/y, or 37% of total EPS growth in Q1."

For an analyst ratings summary and ratings history on Tim Hortons click here. For more ratings news on Tim Hortons click here.

Shares of Tim Hortons closed at $57.36 yesterday.

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