Brinker downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst John Ivankoe downgraded Brinker (EAT) to Neutral from Overweight with a price target of $100, up from $67. The firm believes the stock is “fully stretched out from a valuation” standpoint. CEO Kevin Hochman has done a “truly remarkable job of reinvigorating and refocusing a brand that arguably hit its nadir in the money losing quarter” of Q1 of fiscal 2023, the analyst tells investors in a research note.