Brinker price target lowered to $128 from $175 at Argus

Argus analyst Christine Dooley lowered the firm’s price target on Brinker (EAT) to $128 from $175 and keeps a Buy rating on the shares. Brinker’s turnaround continues to gain traction, with Q1 revenue up 18% year over year to $1.3B and comparable sales rising 19%, driven by a 13% traffic increase at Chili’s, the analyst tells investors in a research note. Streamlined menus, targeted marketing, pricing initiatives, and operational efficiencies under CEO Kevin Hochman have strengthened fundamentals and customer engagement, creating value amid broader market uncertainty, the firm says.