Brinker upgraded to Equal Weight from Underweight at Wells Fargo

Wells Fargo upgraded Brinker (EAT) to Equal Weight from Underweight with a price target of $130, up from $95. The firm says Chili’s traffic is tracking up 23% year-over-year in fiscal Q2-to-data according to Placer.ai data. Industry data also ticked higher and Brinker has further runway ahead for its turnaround initiatives, the analyst tells investors in a research note.