Stifel analyst Chris O’Cull raised the firm’s price target on Brinker (EAT) to $170 from $155 and keeps a Buy rating on the shares. Mobile location data suggests visitation trends at Chili’s were strong each month of fiscal Q2, with sequential acceleration into Q3-to-date, notes the analyst, who expects Brinker to report “another solid quarter,” driven by strong comparable store sales growth at Chili’s.
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