Raymond James downgraded Brinker to Market Perform from Outperform without a price target The firm says its bullish view of the company’s underlying business momentum is unchanged as it continues to expect Brinker’s fiscal Q1 comps and earnings to come in well ahead of consensus estimates and for management to raise its fiscal 2025 earnings guidance. However, Raymond James believes its favorable view on the company’s comparable sales and margin potential is largely reflected in the stock following the 110% rally this year.
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