Restaurant Brands price target raised to $81 from $71 at Scotiabank

Scotiabank analyst John Zamparo raised the firm’s price target on Restaurant Brands (QSR) to $81 from $71 and keeps a Sector Perform rating on the shares. The firm remains “somewhat cautious” due to aggressive unit growth targets amid macro and consumer pressure, believing further upside will require clearer evidence of sustained growth, the analyst tells investors.