Oppenheimer raised the firm’s price target on Restaurant Brands to $83 from $81 and keeps an Outperform rating on the shares following the Q2 results. The firm notes the stock’s solid performance year-to-date, and continues to be attracted to SSS drivers at Tim Hortons and Burger King for multiple quarters vs. expectations, catalysts for accelerating global unit growth, and earnings upside potential vs. consensus through 2024, the analyst tells investors in a research note.
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