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Brinker price target lowered to $145 from $166 at BofA

BofA lowered the firm’s price target on Brinker (EAT) to $145 from $166 and keeps a Neutral rating on the shares. Following the company’s quarterly report, the firm raised its Q4 revenue estimate to $1.42B from $1.36B, in line with implied revised guidance, resulting in its EPS estimate moving to $2.43 from $2.23. However, it applies a lower multiple as BofA expects the market to pay less for slightly lower growth in FY26 and beyond.

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