Brinker price target raised to $100 from $72 at KeyBanc

KeyBanc raised the firm’s price target on Brinker (EAT) to $100 from $72 and keeps an Overweight rating on the shares. Following a series of meetings and calls with investors, KeyBanc believes sentiment has improved, since the summer, which is evident in the 15% increase for the group since the end of July, coinciding with an improvement in industry-wide same-store sales trends as in most cases year over year SSS growth comparisons eased, the analyst tells investors in a research note. The price target increase for Brinker reflects sustained SSS momentum at Chili’s, the analyst says.