UPDATE: J.P. Morgan Downgrades Brinker Following Model Update
July 16, 2013 at 08:43 AM EDT
In a report published Tuesday, J.P. Morgan analyst John Ivankoe downgraded Brinker (NYSE: EAT ) from Overweight to Neutral, but raised the price target from $42.00 to $45.00. In the report, J.P. Morgan noted, “The company has a stated goal of reaching $4.00 in F17 EPS from $1.96 in F12 (mid-teens CAGR)
