From Financial Modeling Prep: 2024-10-10 15:07:00

BofA Securities analysts upgraded Brinker International (NYSE:EAT) to Neutral from Underperform, with a new price target of $90, up from $63. The upgrade reflects investor optimism around Chili’s turnaround efforts under CEO Kevin Hochman, with the stock rallying 95% year-to-date.

Analysts noted the stock’s recent performance is justified by successful catalysts but see a balanced risk/reward profile moving forward. They anticipate near-term growth drivers for Chili’s but question the sustainability of topline gains and potential for further EPS upgrades.



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