Argus downgraded Restaurant Brands (QSR) to Hold from Buy. The company’s Q4 earnings topped estimates, but the firm is concerned about its rising overall costs and the widening gap between meals away from home and groceries, which has hurt results, the analyst tells investors in a research note. Argus is cutting its FY25 EPS view by 50c to $4.00 while also citing the headwinds from weak consumer spending in China and the effects of conflicts in the Middle East.
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