Restaurant Brands: Rises after Deutsche Bank says buy "long-term winner"

Carrols Restaurant

21/01/2020 16:42

** Canadian restaurant chain's  QSR.N  shares jump 2.5% to a
five-week high of $65.72 after brokerage Deutsche Bank upgrades
stock to "buy" from "hold"
    ** Analyst Brian Mullan views QSR as a long-term winner
within the industry; adds QSR has provided investors with a
credible plan for at least another decade's worth of global
outlet and sales growth
    ** Mullan keeps price target unchanged at $71, which
represents an upside of ~11% to stock's last close
    ** Leadership changes at Tim's Canada is further evidence
QSR management is not content sitting still and is focused on
creating long-term value across platform - analyst
    ** Canada-listed shares  QSR.TO  up 2% following the upgrade
    ** Separately, Mullan cut PT on Carrols Restaurant Group
 TAST.O  to $9 from $8; TAST down 5%
    ** Current average rating on U.S.-listed QSR shares is "buy"
with 11 of 18 analysts rating the stock so; median PT is $77.50
— Refinitiv data 
    ** QSR, which rose 22% in 2019, is up ~3% this year 

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))