Bank of America Merrill Lynch Maintains Buy on Tim Hortons

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.