Restaurant Brands price target raised to $73 from $71 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Restaurant Brands to $73 from $71 and keeps a Buy rating on the shares after its Q4 sales beat. The company’s primary profits and store price drivers are improving, including comps momentum at Tim Horton’s in Canada, the beginnings of a turnaround in BK in the U.S., and accelerating new store development, the analyst tells investors in a research note.