Brinker price target raised to $157 from $115 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Brinker (EAT) to $157 from $115 and keeps an Equal Weight rating on the shares after the company “managed to clear a high bar” with Chili’s same-store sales growth of 31.4% in fiscal Q2. While earnings beats “seem set to continue,” this is also “well appreciated,” the analyst tells investors in a post-earnings note.