The Globe and Mail reports in its Thursday, Nov. 7, 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 cut his share target back by $4 to $73 (all figures U.S.). Analysts on average target the shares at $83.02. Mr. Tower says in a note: "In the near term, we expect a reacceleration in BK U.S. business tied to the Million $ Whopper campaign to offer tailwinds to comps. However, beyond this there remains low visibility into unit growth reaccelerating into '25 and there is a higher risk of company capital being diverted back into the system (China). Both of which likely keep longer-term investors sidelined. ... Restaurant Brands again reduced its expectation for new store growth in '24, to approximately 3.5 per cent. ... China is a 100 basis points drag (300 stores) and outside China weaker growth (150 stores) has come from slower new unit growth vs an uptick in closures. This can be viewed positively, though, if franchisees are looking at this over a 10-plus-year investment horizon, we're uncertain what's causing this delay (e.g., access to capital, macro uncertainty)."