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Fly News Breaks for January 21, 2020
Jan 21, 2020 | 06:41 EDT
Deutsche Bank analyst Brian Mullan upgraded Restaurant Brands to Buy from Hold with an unchanged price target of $71. The analyst views the company as a long-term winner within the industry. Following a period which saw shares decline 18% from their late August 2019 highs, Restaurant Brands is exiting a "holding pattern phase" and is poised to enter a "going to start working again phase," Mullan tells investors in a research note. The analyst likes the stock's entry point and sees "multiple ways to win over the next 12 months."
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