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Fly News Breaks for January 8, 2019
EAT
Jan 8, 2019 | 08:04 EDT
As previously reported, Raymond James upgraded Cheesecake Factory to Outperform from Market Perform and established a $53.50 price target. Analyst Brian Vaccaro raised Q2 earnings estimate to 94c from 86c, above consensus of 88c, to reflect rising comp expectations at Chili's, and raised his Q3 comp estimate to 1.5% from 1%. Vaccaro said Brinker's low valuation, high short interest, and potential Q2 upside to earnings and comps creates a positive risk/reward profile over the next few months.
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