Citi is moving off the sidelines when it comes to Brinker International . The bank upgraded shares of the casual restaurant operator, which owns the Chili's and Maggiano's Little Italy restaurant chains, to a buy rating from neutral. Analyst Jon Tower also lifted his target price to $176 from $144, which points to a 25% gain ahead. One tailwind for the stock is a more favorable cost backdrop emerging, Tower wrote. EAT YTD mountain EAT YTD chart "Brazil tariffs dropping will take pressure off EAT's beef outlook, a key pressure point in the brand's more muted FY26 margin outlook on the F1Q call," he said. While costs will decrease, the analyst continues to see still-strong sales and sales drivers in place that could carry momentum through next year. Chili's has also been able to lure younger
Citi upgrades Chili’s parent on younger guests flocking to brand, building long
CNBC Investing6 hrs ago
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