Brinker price target raised to $48 from $45 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the firm’s price target on Brinker to $48 from $45 and keeps an Outperform rating on the shares. Brinker’s performance increases confidence turnaround strategies are working, and it remains BMO’s favorite name in casual dining, the analyst tells investors in a research note. The firm would not be surprised if estimates continue moving higher in coming quarters.