Restaurant Brands price target raised to $63 from $61 at Stephens

Stephens analyst Joshua Long raised the firm’s price target on Restaurant Brands to $63 from $61 but keeps an Equal Weight rating on the shares. The company’s Q4 results saw strong comps and unit growth, though margins came in lower-than-expected as adjusted EBITDA missed consensus estimates driven by pressures from coffee inflation, increased G&A spend, and a few one time items, the analyst tells investors in a research note.