Wedbush raised the firm’s price target on Brinker to $37 from $33 and keeps a Neutral rating on the shares following quarterly results. The firm views Brinker’s current valuation as appropriately incorporating increased near-term visibility to same-store sales growth and margin trends, offset by still-limited visibility into medium- and long-term top- and bottom-line drivers beyond a meaningful near-term uptick in marketing spend.
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- Brinker price target raised to $36 from $33 at Morgan Stanley
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