Buy Restaurant Brands (QSR) Into May Analyst Day - Piper Jaffray

Piper Jaffray analyst Nicole Miller Regan reiterated an Overweight rating and $70 price target on Restaurant Brands International (NYSE: QSR) telling clients to buy into the May Analyst Day.

Regain commented, "We are reiterating our positive view on QSR shares following the company's recent announcement of leadership transitions which we believe aligns concept strategies and brand-level operators (thereby supporting more consistent performance over time) with a recommitment to corporate strategy at the top of the organization (which we believe strengthens, over time, the case for additional acquisitions to support the company's already higher-than-peer growth rate). Near-term catalysts include the company's upcoming earnings report (2/11/19 before the market open) and first ever analyst day scheduled for May."

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 $62.59 yesterday.

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