Restaurant Brands price target raised to $89 from $80 at Truist

Truist raised the firm’s price target on Restaurant Brands to $89 from $80 and keeps a Buy rating on the shares. Te strong implied Q2 results, following a solid Burger King U.S. SSS beat in Q1 leaves the firm with increased confidence in the Burger King U.S. turnaround, the analyst tells investors in a research note.