Restaurant Brands price target lowered to $73 from $75 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Restaurant Brands to $73 from $75 and keeps an Overweight rating on the shares. Q3 was in line top to bottom, a good thing, but lack of comp upside at Tim Hortons Canada and Burger King U.S. coupled with elevated near-term corporate spend tempered enthusiasm, Barclays said in a research note on Friday.