NEW YORK (TheStreet) -- Goldman Sachs resumed coverage of Burger King Worldwide (BKW) stock today with a "buy" rating and a price target of $39, an average upside of 3% for the bank's coverage universe.
"We see the tailwinds that have broadly contributed to improving U.S. comps continuing into 2015 and also see growing credibility around the international growth story," analysts said.
"Net international growth is up more than 7x from 2006 levels, and the proposed THI merger shows a willingness to leverage its balance sheet and franchise network into new international growth verticals," analysts added.
Shares of Burger King closed up 0.43% at $34.81 on Friday.
Separately, TheStreet Ratings team rates BURGER KING WORLDWIDE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate BURGER KING WORLDWIDE INC (BKW) a HOLD. The primary factors that have impacted our rating are mixed--some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."