Carrols Restaurant price target raised to $4 from $3 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Carrols Restaurant to $4 from $3 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. Analysis from its data science team supports the firm’s "largely bullish" view on restaurant demand and suggests Q1 sales topped estimates, the analyst tells investors in a research note. The firm now models BK SSS of 8.5%, up from 6.5% prior and the company’s guidance of "the high-end of mid-single-digits".