Argus upgrades Restaurant Brands to Buy on global growth

Argus upgraded Restaurant Brands (QSR) to Buy from Hold with an $80 price target The firm sees “significant room” for Restaurant Brands to grow its brands globally. In time, the company can meet its target of 40,000 restaurants, the analyst tells investors in a research note. Given the prospects for mid-to-high single-digit revenue growth in international markets, Argus thinks the shares can move higher.

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