Stephens stays neutral on Restaurant Brands pending visibility on brand momentum

Stephens analyst Joshua Long keeps an Equal Weight rating and $77 price target on Restaurant Brands after its Q2 results. The company beat estimates on stronger-than-expected results across the portfolio, and its emerging brands remain well-positioned for long-term growth supported by a recently unveiled strategic plan and green shoots on international expansion, but the firm remains neutral pending greater visibility into the materialization of brand momentum “above and beyond” what is already baked into the stock, the analyst tells investors in a research note.