Restaurant Brands price target lowered to $75 from $77 at Stephens

Stephens lowered the firm’s price target on Restaurant Brands to $75 from $77 and keeps an Equal Weight rating on the shares. Stephens believes Tim Hortons Canada is having success through its enhanced promotions and Burger King results reflects success in digital ordering and operational execution, the analyst tells investors. Further, the firm believes the company’s emerging brands remain well-positioned for long-term growth.