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Fly News Breaks for August 14, 2019
EAT
Aug 14, 2019 | 08:19 EDT
Raymond James analyst Brian Vaccaro lowered his price target for Brinker to $47 from $50 and maintained an Outperform rating, saying he believes the stock's pullback yesterday was overdone following the company's fourth quarter results. Though industry concerns and above-average B/S leverage create a wider range of potential outcomes Vaccaro tells investors in a research note that he believes the comp momentum and the stock's low valuation create a favorable risk/reward from current levels.
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