Restaurant Brands price target raised to $79 from $73 at BofA

BofA analyst Sara Senatore raised the firm’s price target on Restaurant Brands to $79 from $73 and keeps an Underperform rating on the shares. While comp acceleration in the company’s two biggest brand/markets – namely BK U.S. and Tim’s Canada – is “encouraging,” the firm believes both are still the beneficiaries of industry tailwinds, the analyst tells investors in a post-earnings note.