Brinker price target raised to $45 from $43 at Wedbush

Wedbush analyst Nick Setyan raised the firm’s price target on Brinker to $45 from $43 and keeps a Neutral rating on the shares. The firm views Brinker’s current valuation as appropriately incorporating increased near-term visibility into 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. Wedbush continues to view the high end of raised EPS guidance as “probable.”