Raymond James upgraded Brinker (EAT) to Outperform from Market Perform with a $195 price target The company is expected to deliver a strong beat-and-raise quarter as Chili’s laps tougher comparisons and sustains positive comps through menu and marketing innovation and investments in the guest experience, the analyst tells investors in a research note. Significant margin, balance sheet, and free cash flow improvements, alongside buybacks and a return to modest unit growth, could also support multiple expansion, the firm says.
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