Brinker price target lowered to $160 from $175 at Wells Fargo

Wells Fargo analyst Zachary Fadem lowered the firm’s price target on Brinker (EAT) to $160 from $175 and keeps an Overweight rating on the shares. The firm notes that while all eyes on a tough backdrop, Brinker delivered a double-digit EPS beat. While Maggiano’s, commodity/tariff costs keep full year upside in check, peak compares cycle in November and Wells sees a better setup from here.