UBS raised the firm’s price target on Brinker to $94 from $70 and keeps a Neutral rating on the shares. The firm expects continued strength in sales momentum and market share gains for Q1, reflecting ongoing progress on strategic initiatives and an encouraging customer response, the analyst tells investors in a research note. UBS says risk/reward is currently somewhat balanced given elevated expectations for meaningful upside to numbers, while recognizing sustainability of sales and earnings momentum could support valuation.
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