Burger King just had a major franchisee go bankrupt closing over 1000 locations. Maybe the pizza guy wasn’t the best choice?
- TD Cowen upgrades Restaurant Brands (QSR) to outperform from market perform (buy from hold). Raises price target to $75 per share from $72. Analysts see a turnaround for Burger King. Helps that Pat Doyle, who used to run Domino's Pizza (DPZ), is in there as executive chairman, trying to get things moving.
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