The Globe and Mail reports in its Wednesday, Nov. 8, edition that BMO Capital analyst Andrew Strelzik has reaffirmed his "outperform" recommendation for Restaurant Brands International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Strelzik cut his share target to $85 (U.S.) from $88 (U.S.). Analysts on average target the shares at $77.18. Mr. Strelzik says in a note: "Restaurant Brands International's 90-cent 3Q23 EPS exceeded consensus by five cents owing to non-operating items, while comps fell below expectations, driven by Burger King. Lower-quality results notwithstanding, we remain constructive as momentum behind initiatives remains in place across the portfolio, unit growth is poised to accelerate in 2024, and shares trade at an attractive multiple (about 15 times our 2024 EBITDA). We adjust estimates modestly as we better dial-in assumptions and reduce our target to $85 (U.S.) owing to a tempered target multiple given higher interest rates, but believe the pullback in shares is an opportunity." The Globe reported on March 29 and Oct. 31 that Scotia Capital's George Doumet rated Restaurant Brands "sector outperform." It was then worth $64.50 (U.S.) and $66.42 (U.S.).