Brinker price target raised to $36 from $33 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Brinker to $36 from $33 and keeps an Equal Weight rating on the shares following what the firm describes as “a relatively clean cost-driven beat” in fiscal Q1. Better margin performance on about in-line sales is “an encouraging sign,” but casual dining sentiment perhaps limits stock upside for the moment, the analyst tells investors.