Brinker price target raised to $94 from $90 at BofA

BofA raised the firm’s price target on Brinker (EAT) to $94 from $90 and keeps a Neutral rating on the shares. With Q3 earnings reports “beginning in earnest” the week of October 28 for the restaurants industry, the firm’s conversations have largely been around calibrating expectations and set ups into the prints, notes the analyst, who cites market multiple expansion for the firm’s raised price targets for McDonald’s (MCD) and Brinker.