Fly News Breaks for January 8, 2020
Jan 8, 2020 | 06:15 EDT
BofA analyst Gregory Francfort downgraded Restaurant Brands to Underperform from Neutral with a price target of $62, down from $72. In a research note to investors, Francfort says he thinks Tim Hortons' struggles will weigh on the company until the brand is stabilized, adding that the Dec 27 announcement of the departure of Tim Hortons president Alex Macedo suggests that may take longer than expected.
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