BofA analyst Sara Senatore raised the firm’s price target on Restaurant Brands to $73 from $66 and keeps an Underperform rating on the shares. The firm is fine-tuning estimates for restaurant stocks ahead of Q2 earnings season for the group and raising price targets for a number of names in its coverage on higher estimates and/or higher market multiples.
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Read More on QSR:
- Restaurant Brands price target raised to $85 from $82 at KeyBanc
- Restaurant Brands price target raised to $73 from $68 at Jefferies
- Restaurant Brands price target raised to $89 from $80 at Truist
- Restaurant Brands price target raised to $83 from $80 at Evercore ISI
- Restaurant Brands announces Firehouse Subs global expansion
