Fly News Breaks for September 27, 2019
Sep 27, 2019 | 07:48 EDT
As previously reported, MKM Partners analyst Brett Levy initiated Brinker with a Buy rating and a price target of $52. The analyst expects the company's focus on its menu, marketing and service, along with its technological innovations, to support its "scale player" position and capture more market share. Levy adds that Brinker stands to benefit from the re-launch of its Midwest franchise operations driving sales and earnings contribution as well as the agreements with its international partners to extend its global expansion. The analyst is also positive on the company's "strong cash flows" that allow for shareholder capital returns.
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