Wells Fargo Maintains Underweight on Brinker International, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jon Tower maintains an Underweight rating on Brinker International (NYSE:EAT) but raises the price target from $50 to $85.
October 21, 2024 | 3:03 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wells Fargo's analyst Jon Tower maintains an Underweight rating on Brinker International but raises the price target from $50 to $85, indicating a more optimistic outlook despite the cautious rating.
The Underweight rating suggests a cautious stance, but the significant increase in the price target from $50 to $85 indicates a more positive outlook on the company's future performance. This mixed signal may lead to neutral short-term price movement as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100