Citi analyst Jon Tower raised the firm’s price target on Brinker (EAT) to $166 from $110 and keeps a Neutral rating on the shares ahead of the fiscal Q2 report. The firm says investors continue to discuss when Chili’s one-year same-store-sale performance will begin to decelerate. However, Citi does not believe there will be much evidence of that occurring with the Q2 update, with Chili’s likely posting SSS over 20% in the quarter and continuing to speak to strength in Q3.
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