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Fly News Breaks for January 7, 2019
EAT
Jan 7, 2019 | 07:13 EDT
As previously reported, Stifel analyst Chris O'Cull upgraded Brinker to Buy from Hold as he thinks recent traffic improvement at Chili's appear to be from structural changes to the menu and investments in value, food quality, and an improved take-out experience. He believes many investors remain skeptical of Chili's ability to sustain same restaurant sales gains, so greater confidence in the outlook could be the impetus for an improved valuation, O'Cull tells investors. He maintains a $57 price target on Brinker shares.
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