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Fly News Breaks for October 31, 2019
EAT
Oct 31, 2019 | 06:07 EDT
Piper Jaffray analyst Nicole Miller Regan upgraded Brinker to Overweight from Neutral with a price target of $54, up from $39. The company's return to EBITDA growth should drive a re-rating of the multiple, Miller Regan tells investors in a research note. The analyst attributes yesterday's post-earnings share rally to Brinker's comp momentum being better understood and credibility of it being able to achieve guidance as being appreciated.
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