Brinker price target lowered to $170 from $188 at TD Cowen

TD Cowen lowered the firm’s price target on Brinker (EAT) to $170 from $188 and keeps a Buy rating on the shares. Q4 guidance for mid-single digit percentage same store sales growth, along with quarter-to-date disclosure that sales are running in that range, surpassed investor expectations, the analyst says. The firm is lowering its Q4 same-store sale growth forecast to 5% from 6% and maintain its 2027 SSS forecast of 4.3%, the analyst added.