Barclays Maintains an 'Overweight' on Brinker Intl (EAT); F11 Impressive...Strength in F12 & Beyond
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Price: $246.06 +5.56%
Rating Summary:
22 Buy, 17 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 17 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Overweight' on Brinker Intl (NYSE: EAT) price target raised $1 to $32.
Barclays analyst says, "Brinker delivered on its F11 promises, culminating in 4QF11 top- and bottom-line upside. The benefits from such efforts should drive strong F12 EPS growth... with management even offering a bullish outlook on F13. Importantly, momentum supports a reiteration of guidance for EPS to double by F15 (from F10). We continue to view Brinker as a strong play on an improving macro-environment. And while such a macro assumption debatable with current market volatility, we believe Brinker well positioned vs peers, benefiting from the lap of significant comp and margin underperformance, while supported by aggressive share repurchase. We believe the valuation attractive, especially on the recent pullback." (Barclays raises FY12 EPS estimates from $1.82 to $1.90)
For more ratings news on Brinker Intl click here and for the rating history of Brinker Intl click here.
Shares of Brinker Intl closed at $23.54 yesterday.
Barclays analyst says, "Brinker delivered on its F11 promises, culminating in 4QF11 top- and bottom-line upside. The benefits from such efforts should drive strong F12 EPS growth... with management even offering a bullish outlook on F13. Importantly, momentum supports a reiteration of guidance for EPS to double by F15 (from F10). We continue to view Brinker as a strong play on an improving macro-environment. And while such a macro assumption debatable with current market volatility, we believe Brinker well positioned vs peers, benefiting from the lap of significant comp and margin underperformance, while supported by aggressive share repurchase. We believe the valuation attractive, especially on the recent pullback." (Barclays raises FY12 EPS estimates from $1.82 to $1.90)
For more ratings news on Brinker Intl click here and for the rating history of Brinker Intl click here.
Shares of Brinker Intl closed at $23.54 yesterday.
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