UPDATE: Miller Tabak Raises PT to $42 on Brinker International on Positive Investor Day Tone
Miller Tabak maintained Brinker International (NYSE: EAT) with a Buy rating and raised the price target from $41.00 to $42.00.
Miller Tabak noted, "We maintain our Buy rating on Brinker International (EAT) and raise our price target to $42 (from $41) after a mostly upbeat investor day conference at the company's headquarters in Dallas. EAT set a mostly positive tone at yesterday's conference, outlining the progress the company has made in the past three years and establishing an ambitious plan to double EPS by FY17. We argue given the progress management has made in reviving the Chili's brand while strengthening financial metrics, this long-term goal can be achieved."
Brinker International closed at $33.51 on Wednesday.
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