Brinker International Stock Climbs 38% Over Past Month, Analyst Turns Bullish Despite Outperformance
Portfolio Pulse from Priya Nigam
Brinker International (NYSE:EAT) has seen a 38% stock climb over the past month. Despite a slight decline on Tuesday, Argus Research Group's Christine Dooley upgraded the stock from Hold to Buy, citing improved earnings outlook and operational initiatives.
May 22, 2024 | 1:51 pm
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Brinker International (NYSE:EAT) has been upgraded from Hold to Buy by Argus Research's Christine Dooley. The stock has climbed 38% over the past month, and the company has undertaken several initiatives to improve margins and earnings outlook.
The upgrade from Hold to Buy by a reputable analyst, combined with a 38% stock climb and positive operational changes, suggests a bullish short-term impact on Brinker International's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100