Guggenheim analyst Gregory Francfort raised the firm’s price target on Restaurant Brands (QSR) to $80 from $79 and keeps a Buy rating on the shares after the company hosted an investor day in Miami. At the event, the company reiterated its 2024-2028 8%-plus operating income growth, as expected, and better laid out its plans to streamline its financial model and unlock a free cash flow step-up over the next two to three years, the analyst tells investors.
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