Brinker price target raised to $125 from $105 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the firm’s price target on Brinker (EAT) to $125 from $105 but keeps a Market Perform rating on the shares. The company’s strong sales momentum reinforces the firm’s conviction in the durability of the Chili’s turnaround, though the firm also reiterates a neutral stance and contends that sales trends should eventually normalize and valuation will likely compress as that plays out, the analyst tells investors in a research note.