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Fly News Breaks for August 22, 2017
QSR
Aug 22, 2017 | 07:24 EDT
UBS analyst Dennis Geiger said Restaurant Brands is well positioned to beat earnings forecasts and second half same store sales should improve along with franchisee sentiment. He believes its strong free cash flow generation supports future acquisitions along with either dividend increases or share buybacks. Geiger reiterated his Buy rating and $68 price target on the stock and raised Restaurant Brands shares to a top pick.
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