Starbucks Shines, QSR Faces Challenges: BofA's 2025 Restaurant Outlook
1. BofA analysts expect slow job growth supporting restaurant demand in 2025. 2. Industry pricing is expected to moderate as input prices fall. 3. Growth patterns in 2024 showed casual dining outperforming fine dining. 4. Starbucks maintains a Buy rating with a price target of $117. 5. Analysts cut revenue forecasts for QSR amid competitive pressures.