Brinker price target raised to $175 from $170 at BMO Capital

BMO Capital raised the firm’s price target on Brinker (EAT) to $175 from $170 and keeps a Market Perform rating on the shares. The firm notes the company’s Q2 earnings beat reflected stronger Chili’s comp and restaurant margin, adding that while results benefited from calendar tailwind, Chili’s realized traffic growth against 20% growth last year is demonstrating durability of brand repositioning, the analyst tells investors in a research note.