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Fly News Breaks for June 6, 2016
EAT
Jun 6, 2016 | 07:42 EDT
Telsey Advisory analyst Bob Derrington resumed coverage on Brinker with an Outperform and $52 price target. The analyst is positive on management's plan to broaden the consumer relevancy of its iconic Chili's and Maggiano's brands, utilize its systems, scale and operating expertise to improve its returns and free cash flow; and maintain its disciplined capital allocation to both invest in its business and provide steady shareholder returns through its share repurchase and dividend payout plans.
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