Restaurant Brands price target raised to $80 from $78 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Restaurant Brands to $80 from $78 and keeps a Buy rating on the shares after its Q1 results. Two of the three primary drivers of QSR‘s profits and stock price are showing positive signs, with the BK turnaround in the U.S. gaining steam and same-store sales momentum continuing to improve at Tim Hortons, the analyst tells investors in a research note.