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Analysts Favor ‘Buy’ for Restaurant Brands

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Target price

Yesterday, Restaurant Brands International (QSR) was trading at $63.91. Analysts’ average target price of $70 implies a 9.5% return based on that price. Since the announcement of Restaurant Brands’ second-quarter earnings, CIBC (Canadian Imperial Bank of Commerce) has raised its price target from $71 to $75.

Although Restaurant Brands stock is trading below analysts’ average price target, it’s not necessarily a “buy.” Investors are advised to analyze analysts’ estimates before making investment decisions. Of the nine analysts following Restaurant Brands, 55.6% recommend “buy,” and 44.4% recommend “hold.”

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Peer comparison

Peers’ target prices and return potential are as follows:

  • McDonald’s (MCD) price target is $183.23, implying a 17.2% return.
  • Wendy’s (WEN) price target is $19.18, implying a 14.9% return.
  • Jack in the Box’s (JACK) price target is $97.71, implying a 14.9% return.
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