Jefferies analyst Andy Barish raised the firm’s price target on Restaurant Brands (QSR) to $73 from $68 and keeps a Hold rating on the shares. Ahead of Q2 results from the group, the firm notes that valuations in asset-lite QSR “remain near peak levels” and against this backdrop the firm is selective and prefers McDonald’s (MCD), which it views as “best-positioned” to drive share gains.
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