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Fly News Breaks for May 16, 2019
QSR
May 16, 2019 | 07:32 EDT
Following Restaurant Brands' investor day meeting, Stephens analyst Will Slabaugh said he sees no reason to doubt the company's 40,000 unit growth target or "a continuation of strong FCF conversion along the way" given management's "impressive" track record. The analyst, who still views the shares as attractive and expects the investor day presentation to help longer-term investors steadily become more interested, keeps an Overweight rating and $75 price target on Restaurant Brands shares.
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