Raymond James raised the firm’s price target on Brinker (EAT) to $54 from $50 and keeps a Strong Buy rating on the shares. The firm maintains a selective stance towards its restaurant coverage universe as industry sales have underwhelmed in recent months, causing Raymond James to increasingly favor stocks it view as having “idiosyncratic factors trading at attractive valuations,” such as Brinker, Shake Shack (SHAK), First Watch (FWRG) and Bloomin’ Brands (BLMN), the analyst tells investors in a group earnings preview note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EAT:
- Brinker price target raised to $50 from $48 at Evercore ISI
- Brinker price target raised to $48 from $47 at Jefferies
- Brinker price target raised to $39 from $36 at Morgan Stanley
- Brinker price target raised to $55 from $50 at Stifel
- Brinker International Stock (NYSE:EAT): Serving Value with a 0.8x PEG Ratio