Restaurant Brands price target raised to $90 from $83 at RBC Capital

RBC Capital raised the firm’s price target on Restaurant Brands (QSR) to $90 from $83 and keeps an Outperform rating on the shares ahead of its Q1 results. The company’s positive momentum continued through the quarter, where Burger King and international segments have been a standout recently, the analyst tells investors in a research note. BK US has further room for improvement however, given ongoing renovations, menu innovation, and more impactful marketing targeted towards key demos, RBC added, also noting that Tim Hortons could start to be impacted by slower Canadian population growth, though it continues to outperform the category.