JPMorgan analyst John Ivankoe believes the recent underperformance in shares of Restaurant Brands (QSR) provides an opportunity to add to positions. July and August seemed to represent a trough in sales trends from which the broad business has regained year-over-year same-store-sales outperformance versus peers, the analyst tells investors in a research note after meeting with management. It keeps an Overweight rating on the shares.
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