JP Morgan Downgrades Brinker International to Neutral, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe has downgraded Brinker International (NYSE:EAT) from Overweight to Neutral, while raising the price target from $67 to $100.
October 31, 2024 | 11:17 am
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JP Morgan has downgraded Brinker International from Overweight to Neutral, but increased the price target to $100, indicating a mixed outlook.
The downgrade from Overweight to Neutral suggests a less bullish outlook, which could negatively impact short-term sentiment. However, the raised price target to $100 indicates potential for growth, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100