As previously reported, Argus upgraded Brinker (EAT) to Buy from Hold with a $150 price target The firm cites the company’s trends improving, as restaurant sales and traffic growth are moving higher, the analyst tells investors in a research note. Improved performance reflects the management’s streamlined efforts with its menu, increased prices, and greater investment in Brinker’s staffing, while its simplified processes is generating better efficiencies in the kitchen and in the overall operations, the firm adds.
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