The Globe and Mail reports in its Wednesday, Dec. 18, edition that RBC Capital Markets analyst Logan Reich has reaffirmed his "outperform" recommendation for Restaurant Brands International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Reich gave his share target a $10 trim to $80 (all figures U.S.). Analysts on average target the shares at $81.63. Mr. Reich is "cautiously optimistic" on the North American restaurant space going into 2025, seeing "recent macro data-points suggest a stabilizing economic backdrop where improving consumer sentiment could translate into traffic growth after a challenging 2024." However, he warns investors to expect improvement to be "more gradual as consumers continue to grapple with elevated pricing." On Tuesday, Mr. Reich predicted companies levered to the high-income consumer will outperform, particularly in the first half of the year, while he also thinks value wars will continue, benefiting companies like Tim Hortons parent Restaurant Brands. Representing approximately 44 per cent of consolidated EBITDA, Tim's continued performance is critical for the stock to work, in our view, though we often hear that the brand gets little credit from U.S. investors."