UPDATE: Bank of America Raises Brinker's PO

According to a research report published this morning, Bank of America has increased Brinker International's EAT PO from $20 to $24. In the report, Bank of America commented, "While the company has clearly performed better than we expected, especially in this most recent quarter, we continue to rate EAT shares Underperform with continuing concerns about the bar & grill segment of the industry. But we are raising our price objective from $20 to $24 with the change driven by higher estimates for sales and earnings." Brinker closed yesterday at $30.88.