BMO Capital analyst Andrew Strelzik raised the firm’s price target on Brinker to $65 from $55 and keeps an Outperform rating on the shares after its Q3 earnings beat. Chili’s turnaround continues to show progress as underlying traffic was positive for the second consecutive quarter and remains well in excess of industry trends, the analyst tells investors in a research note. Brinker is also effecting a compelling turnaround, led by traffic share gains and margin expansion, the firm added.
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