Brinker price target raised to $185 from $166 at Citi

Citi raised the firm’s price target on Brinker (EAT) to $185 from $166 and keeps a Neutral rating on the shares post the fiscal Q2 report. The company’s “flywheel” of better food, service, atmosphere, and marketing translating into sales is in full effect, with Chili’s posting comp growth Citi has never seen from a mature brand, the analyst tells investors in a research note. The firm says that while Brinker’s business momentum remains impressive, the stock’s risk/reward “does not offer much room for error.”