BMO Capital Maintains Outperform Rating for Brinker International: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has reaffirmed its Outperform rating on Brinker International (NYSE:EAT), raising its price target from $52.00 to $55.00. Brinker's shares have risen 1.19% in the last 24 hours to $43.30. The new target suggests a potential 27.02% increase. Brinker operates Chili's and Maggiano's Little Italy, with Chili's being the major revenue contributor.
February 01, 2024 | 5:00 pm
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BMO Capital maintains Outperform rating on Brinker International, raising price target to $55, indicating a potential 27.02% upside from the current price.
The reaffirmation of the Outperform rating and the increase in price target by BMO Capital are strong positive signals for Brinker International. Given the analyst's influence and the specific upward revision of the price target, this is likely to foster investor confidence and could lead to a short-term increase in the stock price. The current upward movement in the stock price further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100