Restaurant Brands price target lowered to $77 from $78 at CIBC

CIBC lowered the firm’s price target on Restaurant Brands (QSR) to $77 from $78 and keeps an Outperformer rating on the shares. Much of the quick service restaurant sector saw slower growth in Q1, including Restaurant Brands, but despite the weaker growth vs. expectations, market share trends were healthy, the analyst tells investors in a research note.