RBC Reiterates $85 Price Target for Restaurant Brands International

Royal Bank of Canada (RBC) has reiterated its price target for Restaurant Brands International (QSR), setting it at $85.00 in a recent research note.

The brokerage firm maintains an 'outperform' rating on the restaurant operator's stock, indicating a potential upside of 13.50% from QSR's current price.

This is not the only positive forecast for QSR; other research firms have also issued optimistic reports.

Guggenheim recently upped its target price on QSR from $80.00 to $85.00, while UBS Group lifted its price target from $85.00 to $90.00.