Morgan Stanley Lowers QSR Price Target to $72, Maintains Equal Weight Rating

Morgan Stanley has lowered its price target for Restaurant Brands International (QSR) from $73 to $72, maintaining an Equal Weight rating. The firm notes improved industry demand and robust consumer spending among middle and upper-income groups. The average target price from 16 analysts is $77.92, with a high estimate of $93.00 and a low estimate of $68.00, implying an upside of 15.71% from the current price of $67.34.

Restaurant Brands International (QSR) continues to face mixed analyst sentiments, with 20 analysts offering ratings in the past three months. The company has received a majority of buy ratings (52%) and a significant hold rating (18%), while sell ratings account for 12% of the total. The average price target from these analysts is $107.05, representing a 16.17% upside from the current price of $92.15 [1].

The latest update from Morgan Stanley has lowered its price target for QSR from $73 to $72, maintaining an Equal Weight rating. The firm attributes this move to improved industry demand and robust consumer spending among middle and upper-income groups [2]. Despite this, the average target price from 16 analysts is $77.92, with a high estimate of $93.00 and a low estimate of $68.00, suggesting an upside of 15.71% from the current price of $67.34.

Analysts' opinions are mixed on QSR, with some firms like Truist Financial and Loop Capital Markets reiterating their buy ratings and raising their price targets. Truist Financial raised its target to $110.97, citing strong financial performance and operational efficiency, while Loop Capital Markets maintained a $127.41 target, highlighting Burger King's comps tracking ahead of estimates [3].

Conversely, Bank of America Securities reaffirmed their sell rating, noting challenges in the U.S. market, while Scotiabank initiated a hold rating, citing mixed performance and high leverage [4]. Other analysts like Evercore ISI and Oppenheimer have also raised their price targets, supporting a bullish outlook for QSR.

In summary, while analyst opinions on QSR remain mixed, the overall sentiment leans towards a buy rating, with a majority of analysts predicting a 16.17% upside in the next year. However, the recent price target reduction by Morgan Stanley and the mixed performance in the U.S. market highlight the need for investors to closely monitor the company's progress and analyst updates.

References:
[1] https://www.tipranks.com/stocks/tse:qsr/forecast
[2] https://www.tipranks.com/stocks/tse:qsr/forecast
[3] https://www.tipranks.com/stocks/tse:qsr/forecast
[4] https://www.tipranks.com/stocks/tse:qsr/forecast