Restaurant Brands price target raised to $82 from $76 at Baird

Baird raised the firm’s price target on Restaurant Brands to $82 from $76 and keeps a Neutral rating on the shares. The firm said the Q1 report was encouraging, with solid comps performance leading to upside on core profitability metrics, which along with a downward revision to full-year G&A guidance is prompting an upward revision to the firm’s near-term comps/EPS projections.