Morgan Stanley Maintains Underweight on Brinker International, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass maintains an Underweight rating on Brinker International (NYSE:EAT) and raises the price target from $36 to $39.
April 12, 2024 | 5:21 pm
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Morgan Stanley maintains an Underweight rating on Brinker International but raises the price target from $36 to $39.
While the upgrade in price target from $36 to $39 by Morgan Stanley indicates a slightly more positive outlook on Brinker International's valuation, the maintenance of an Underweight rating suggests that the analyst still has concerns about the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's viewpoint.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100