Brinker price target raised to $110 from $95 at Wedbush

Wedbush analyst Nick Setyan raised the firm’s price target on Brinker (EAT) to $110 from $95 and keeps a Neutral rating on the shares. The firm says a strong Q1 and raised FY25 guidance point to sustained near-term momentum. Wedbush views Brinker’s current valuation as appropriately incorporating increased near-term visibility into same-store growth and margin trends, offset by still-limited visibility into medium- and long-term top- and bottom-line drivers beyond a meaningful near-term uptick in marketing spend.