Goldman Sachs upgrades Restaurant Brands to neutral from sell Goldman upgraded the owner of Burger King and said it sees "improving trends." "We are upgrading shares of QSR to Neutral (from Sell) as we see improving trends in the Tim Horton's Canada business supported by both re-opening trends and strategic initiatives that seem to be driving momentum ahead of the macro, and are encouraged by the SSS momentum in the BK/PLK international businesses." Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. "We expect FX headwinds at the high end of guidance ($10-12mm impact for the year), exacerbated by lower sales growth in the UK as record heat waves, and inflation dampen demand."