BofA lowered the firm’s price target on Brinker to $37 from $38 and keeps an Underperform rating on the shares. Brinker’s stronger lean into value messaging could reflect building promotional intensity among casual dining peers, and BofA expects y/y margin expansion to inflect in Q1 before moderating through the year, the analyst tells investors in a research note.
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Read More on EAT:
- Brinker price target raised to $37 from $36 at Barclays
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- Brinker reports Q4 EPS $1.39, consensus $1.32
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