Restaurant Brands price target raised to $74 from $66 at Baird

Baird analyst David Tarantino raised the firm’s price target on Restaurant Brands to $74 from $66 and keeps a Neutral rating on the shares. The analyst said we would like to gain greater confidence that the underlying strength in Q1 can be sustained and can support better relative performance on an ongoing basis in order to move to a more constructive rating on the stock.