Tim Hortons (THI) Misses Q4 EPS by 8c

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Raymond James Upgrades Tim Hortons (THI) to Outperform

February 21, 2014 7:10 AM EST

Raymond James upgraded Tim Hortons (NYSE: THI) from Market Perform to Outperform with a price target of $59.18.

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Tim Hortons (THI) Approves $440M Buyback Plan

February 20, 2014 7:33 AM EST

Tim Hortons Inc. (NYSE: THI) announced that it plans to commence a new share repurchase program for up to $440 million in common shares.

The Company has obtained regulatory approval from the Toronto Stock Exchange (TSX) to commence a new share repurchase program (a "normal course issuer bid" or "bid") for up to $440 million in common shares, not to exceed the regulatory maximum of 13,726,219 shares, representing 10% of the Company's public float as of February 14, 2014, as defined under TSX rules. The bid is planned to commence on February 28, 2014 and is due to terminate on... More