Restaurant Brands price target lowered to $78 from $83 at Truist

Truist analyst Jake Bartlett lowered the firm’s price target on Restaurant Brands (QSR) to $78 from $83 and keeps a Buy rating on the shares. Truist Card Data points to 1Q25 misses for its limited-service restaurant coverage, which, combined with an uncertain macro backdrop, create a tough setup into earnings, the analyst tells investors in a research note. Consumers are responding to innovation and promotions, providing a potential offset to macro pressures, Truist argues.