Despite Positives, Goldman Reluctant to Upgrade Brinker Int'l (EAT)

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Goldman Sachs maintained a Neutral rating on Brinker Int'l (NYSE: EAT) and raised their price target to $37.00 (from $35.00).

“We remain Neutral rated but are warming to the EAT story, as it demonstrates an ability to consistently hit targets. The company appears to be hitting on all cylinders – SSS, profitability and capital deployment,” said Michael Kelter.

“This all said, we have yet to get ourselves fully over the hump on SSS, thus our Neutral rating. EAT has a spotty historical track record, industry trends remain tepid at best, and competitive pressures may intensify” he added.

For an analyst ratings summary and ratings history on Brinker Int'l click here. For more ratings news on Brinker Int'l click here.

Shares of Brinker Int'l closed at $34.43 yesterday, with a 52 week range of $19.50-$35.18.

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