RBC Capital Remains Sidelined on Brinker International (EAT) Following 4Q - PT to $55

August 12, 2016 7:02 AM EDT
Get Alerts EAT Hot Sheet
Price: $46.78 +0.52%

Rating Summary:
    6 Buy, 20 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 23
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RBC Capital reiterated a Sector Perform rating on Brinker International (NYSE: EAT), and raised the price target to $55.00 (from $49.00), following the company's 4Q earnings report. RBC's FY17 EPS estimates remain unchanged at (-3.6% YOY) and is within the company's $3.40 to $3.50 guidance range.

Analyst David Palmer commented, "Following F4Q earnings, we are raising our price target and estimates on improving sales trends and the company's leverage recapitalization. Although SSS trends have improved somewhat, we believe the stock appears fairly valued."

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 $52.72 yesterday.

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