Stifel analyst Chris O’Cull lowered the firm’s price target on Brinker (EAT) to $200 from $215 and keeps a Buy rating on the shares. Mobile location data shows weaker visitation in Q3 compared to Q2 and investors’ expectations for sales and earnings “remain subdued,” the analyst tells investors in a restaurants earnings preview note. The firm believes Brinker remains well-positioned to maintain positive sales momentum despite difficult comps it will be lapping, the analyst added.
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