Brinker International Gains On JP Morgan Upgrade To Overweight
Brinker International (NYSE: EAT) remains in the green this morning following an upgrade from JP Morgan (NYSE: JPM) from Neutral to Overweight while lowering the price target from $54 to $52. The investment bank believes Brinker Int'l is the most "incrementally actionable stock in our group" even in the face of concerns regarding beef and pork price inflation. Analysts surveyed by Capital IQ have a consensus price target of $54.
EAT Price Versus Mean Target Price
Shares of EAT as of 11:40 AM EDT on Monday are trading up roughly 0.75 percent to $46.34.
Latest Ratings for JPM
|Aug 2016||Bernstein||Downgrades||Outperform||Market Perform|
|Jul 2016||Keefe Bruyette & Woods||Maintains||Outperform|
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