BMO Capital raised the firm’s price target on Brinker (EAT) to $150 from $125 and keeps a Market Perform rating on the shares. The company’s earnings topped estimates while comps accelerated through quarter and momentum sustained quarter-to-date, the analyst tells investors in a research note. The firm adds that Brinker’s guidance appears conservative in the context of current trends.
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Read More on EAT:
- Brinker price target raised to $157 from $115 at Morgan Stanley
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