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Restaurant Brands price target lowered to $60 from $62 at BofA

BofA lowered the firm’s price target on Restaurant Brands (QSR) to $60 from $62 and keeps an Underperform rating on the shares. The firm is fine-tuning estimates for 20-plus companies across its restaurant coverage and also adjusting selected price targets to reflect estimate and market multiple changes ahead of earnings from the group.

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