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Fly News Breaks for August 5, 2019
QSR
Aug 5, 2019 | 09:31 EDT
SunTrust analyst Jake Bartlett raised his price target on Restaurant Brands to $86 and kept his Buy rating after its Q2 results, saying that while the comps in Canada Tim Hortons and U.S. Burger King disappointed, Burger King international sales were strong and Popeyes comps improved. The analyst also cites the company's international unit growth story remains "intact" and "firing on all cylinders" after the company recently signed a deal to open 1,500 new stores in China over the next 10 years.
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