NEW YORK (TheStreet) -- Restaurant Brands International (QSR) - Get Report  shares are spiking 5.18% to $40 on Monday after RBC Capital Marketsr this morning upgraded the company to "outperform" from "sector perform," making bullish remarks about the company's ongoing success. 

The firm, which also boosted its price target to $48 from $38, cited Burger King's continued sales momentum, distribution savings at the Tim Hortons chain, and lower foreign exchange headwinds.

Along with this confident outlook, RBC Capital lifted its first quarter U.S. same-store sales forecast for Burger King to 4% from 2%.

"We believe Burger King has weathered the storm of competitive discounting with its own value platforms, namely 2 for $5 and 10 for $1.49 nuggets," analysts said.

Based in Ontario, Canada, Restaurant Brands International owns, operates, and franchises quick service restaurants under the Tim Hortons and Burger King brand names.

Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a decline in price during the past year.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.

You can view the full analysis from the report here: QSR

Image placeholder title