Bank of America Merrill Lynch is out with its report today on Tim Hortons THI, maintaining Buy.
In its report, Bank of America Merrill Lynch writes, "Tim Hortons is the market-leading Canadian QSR with an approximate 20 year track record of positive same store sales. The brand still has significant growth opportunities both in Canada, with a 4,000+ unit potential, and internationally. THI generates significant FCF and has been active in returning cash to shareholders through share repurchases and dividends."
Shares of THI closed Tuesday at $46.43.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in