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Fly News Breaks for September 20, 2018
QSR
Sep 20, 2018 | 07:26 EDT
UBS analyst Dennis Geiger said the recent weakness in Restaurant Brands on concerns around model revisions, slowing Burger King comps, and still sluggish Tim Horton's trends present a compelling buying opportunity. The analyst said his checks show improving Tim Hortons sales trends and a more optimistic brand outlook. He also said free cash flow is largely unchanged and robust. Geiger reiterated his Buy rating and $74 price target on Restaurant Brands shares.
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