BofA and Morgan Stanley Reduce PT on Restaurant Brands International Inc. (QSR)

Restaurant Brands International Inc. (NYSE:QSR) is included in our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.

Restaurant Brands International Inc. (NYSE:QSR) is expected to announce its results for the second quarter of 2025 on August 7, 2025. Ahead of the earnings release, BofA decreased its price target on QSR from $62 to $60 on July 18, 2025, maintaining an ‘Underperform’ rating. This is attributed to the investment firm’s updated outlook for the restaurant market.

Meanwhile, previously, on July 14, 2025, Morgan Stanley also reduced its price target on Restaurant Brands International Inc. (NYSE:QSR) from $73 to $72, maintaining an ‘Equal Weight’ rating. The analyst attributed the price target cut to ongoing policy-related risks, even though it expects a stronger Q2 amid improved industry demand. On a positive note, Morgan Stanley highlighted resilient spending from middle- and upper-income consumers and favorable cost trends.

Operating across the U.S., Canada, and international markets, Restaurant Brands International Inc. (NYSE:QSR), a quick-service restaurant company, owns popular brands like Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. Bill Ackman has bought 23 million shares of Restaurant Brands International Inc. (NYSE:QSR) as of Q1 2025.

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