Guggenheim raised the firm’s price target on Restaurant Brands (QSR) to $77 from $71 and keeps a Buy rating on the shares. The firm notes it made no change to its FY25 and FY26 EPS estimates, but raised the multiple it applies based on higher multiples for defensive stocks such as Restaurant Brands. The firm thinks management is making the right investments to compete long-term and the business model is defensive, the analyst tells investors.
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