Barclays raised the firm’s price target on Brinker to $53 from $45 and keeps an Equal Weight rating on the shares. The company’s fiscal Q3 report had a solid, in-line Chili’s comp, far outpacing the industry, while restaurant margin leverage supported earnings upside, the analyst tells investors in a research note. The firm says Brinker’s comp momentum continued in April, supporting a boost to fiscal 2024 guidance.
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