Restaurant Brands price target raised to $90 from $85 at UBS

UBS raised the firm’s price target on Restaurant Brands (QSR) to $90 from $85 and keeps a Buy rating on the shares. Restaurant Brands shares still have upside potential driven by continued U.S. and international momentum at Burger King, stable positioning at Tim Hortons, and a clearer multiyear plan to simplify operations and unlock value despite some near-term weather and macro pressures, the analyst tells investors in a research note.