Evercore ISI analyst David Palmer raised the firm’s price target on Restaurant Brands to $80 from $75 and keeps an Outperform rating on the shares. Multi-year trends accelerated in key segments, such as Burger King Rest of World and Tim Hortons Canada, in Q1 and the firm is raising its 2023 earnings and global same-store sales growth estimates, largely due to upside in Q1 versus its model.
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Published first on TheFly
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