Bank of America Merrill Lynch Maintains Buy on Tim Hortons
Bank of America Merrill Lynch is out with its report today on Tim Hortons (NYSE: 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.
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