Wells Fargo raised the firm’s price target on Texas Roadhouse (TXRH) to $220 from $195 and keeps an Overweight rating on the shares. While there’s reason to look past mixed Q4 results, the firm believes clear winners/ losers will likely set the 2026 tone. Wells sees Casual Dining outperforming, innovation driving QSR, and Fast Casual inflection pushed out.
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