UBS Maintains a 'Neutral' on Brinker Int'l (EAT); Adjusting Outlook

UBS maintains a 'Neutral' on Brinker Int'l (NYSE: EAT), lowers price target from $30 to $26.

UBS analyst says, "Less Room for Error in Calendar 2H11 - With significantly higher food costs hurting margins in the first half of 2011, both packaged food
companies and restaurants will need near-flawless execution in the second half to meet street expectations. We are therefore lowering our FY12 EPS estimates and price target to $1.80 and $26 from $1.85 and $30 respectively to reflect the increased risk associated with Brinker’s near-term outlook."

For more ratings news on Brinker Int\'l click here and for the rating history of Brinker Int\'l click here.

Shares of Brinker Int\'l closed at $21.16 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Moody’s upgrades Brinker to Ba1 on Chili’s growth and debt reduction
• Costco Wholesale (COST) PT Lowered to $1,010 at Freedom Broker
• Needham Starts Wealthfront Corporation (WLTH) at Buy