Scotiabank lowered the firm’s price target on Restaurant Brands (QSR) to $71 from $74 and keeps a Sector Perform rating on the shares. The firm notes the company’s extended Burger King modernization timeline, lower franchisee profitability, and delayed reversal in beef inflation are all likely to impact investor sentiment, the analysts investors. Additionally, the firm notes there is an absence of near-term positive catalysts
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