Truist raised the firm’s price target on Restaurant Brands (QSR) to $81 from $78 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results for Limited Service Restaurants, or LSR. Truist Card Data point to mixed Q2 results for the firm’s LSR coverage, though the firm is increasing its international comps outlook for the company across the board given its view that global macro conditions have improved slightly vs. its prior estimate, the analyst tells investors in a research note.
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