Burger King parent Restaurant Brands up after Guggenheim upgrades to 'buy'

Restaurant Brands International

24/01/2025 13:01

** U.S.-listed shares of Burger King parent Restaurant Brands
 QSR.N  QSR.TO  rise 1.24% at $62.29 premarket
    ** Brokerage Guggenheim upgrades stock to "buy" from "hold",
cites attractive valuation of shares due to stock
underperformance
** Says earnings volatility in franchised quick service is low,
and brokerage thinks market share gains in international for
Burger King have the chance of being the upside surprise that
reverses some of the stock underperformance
    ** Says co's chairman Patrick Doyle has been making the
right strategic improvements to business
    ** Co is set to report Q4 results on Feb. 12
    ** Eleven of 16 brokerages rate the stock "buy" or higher,
and five "hold"; with a median PT of $80.50 - LSEG data
    ** QSR fell ~16% in 2024

(Reporting by Neil J Kanatt in Bengaluru)
((mailto:Neil.JKanatt@thomsonreuters.com;))