Restaurant Brands price target raised to $86 from $81 at Loop Capital

Loop Capital raised the firm’s price target on Restaurant Brands to $86 from $81 and keeps a Buy rating on the shares. The firm’s latest round of checks with U.S. franchisees for Burger King suggest that same-store sales are tracking ahead of expectations to date in Q4 at 5.5%-6.0%, as same-store traffic increased 2.0%-2.5% and with positive ticket representing the remainder of the higher comp growth, the analyst tells investors in a research note.