Commenting on Restaurant Brands management news, TD Cowen says it believes the three leadership changes better align the business with the new executives’ backgrounds, with Sami Siddiqui’s finance background now in the CFO role and Thiago Santelmo and Jeff Klein’s operating backgrounds in divisional leadership roles. The firm views the changes as neutral to slightly positive to its investment thesis. TD Cowen has an Outperform rating on the shares with a price target of $90.
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