The Globe and Mail reports in its Thursday, Feb. 15, edition that Citi analyst Jon Tower has reaffirmed his "neutral" recommendation for Restaurant Brands International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tower gave his share target a $2 trim to $81 (all figures U.S.). Analysts on average target the shares at $83.86. Mr. Tower issued his share target tweak in response to its fourth quarter 2023 results. The Globe says Mr. Tower expects Restaurant Brands to release "mundane" long-term guidance at its investor event on Thursday and warns any targets that stray too far from the Street's expectations will be "greeted with skepticism." Mr. Tower says in a note, "We give Restaurant Brands credit for the ongoing, multi-pronged, strength in Tims Canada, but believe questions regarding the outlook in China, global macro fears, additional capital outlays to support a BK remodel program and concerns about how BK U.S. would fare in a more value-driven environment will make multiple expansion from here difficult." Restaurant Brands reported a 7.8-per-cent rise in revenue year-over-year to $1.82-billion, narrowly exceeding the Street's $1.81-billion estimate.