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Fly News Breaks for October 29, 2019
QSR
Oct 29, 2019 | 08:00 EDT
Cowen analyst Andrew Charles lowered his price target on Restaurant Brands to $75 from $85 as the Q3 results is clearly a rest for Tim's comps. The analyst expects Burger King to help drive EBITDA beats until more meaningful Tim's sales drivers surface at the end of 2020. Charles maintained his Outperform rating on Restaurant Brands shares.
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