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Restaurant Brands price target raised to $73 from $66 at BofA

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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