Cracker Barrel price target raised to $63 from $55 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Cracker Barrel (CBRL) to $63 from $55 and keeps a Buy rating on the shares ahead of its Q3 results. An earnings miss could be jarring to investors amid significant weather and calendar shifts as the stock has been on a run with 25% gain this month, though the firm also cites the company’s strong start to its Q4, the analyst tells investors in a research note. Truist Card Data also suggest strong results since the May 6th Summer Menu launch, the firm added.