Truist Securities increased its price target on Restaurant Brands International (NYSE: QSR) to $87 from $83 while maintaining a Buy rating, citing improved confidence in the company’s long-term growth outlook following its Investor Day.
The firm stated that it left the event with stronger conviction in the company’s reiterated long-term growth algorithm, supported by progress in the Burger King U.S. turnaround, clearer visibility into new store development in China through a strengthened joint venture partner, and sustained momentum at Tim Hortons Canada.
Truist noted that Restaurant Brands is simplifying its operating model with a focus on achieving investment-grade status, which could benefit both the company and its franchisees. The company is also shifting away from mergers and acquisitions while planning to return significant capital to shareholders, representing approximately 4.6% of market capitalization in 2026.
While estimates remain unchanged, Truist raised its price target to reflect increased confidence in the company’s strategic execution.
