- Raymond James analyst Brian Vaccaro reiterated an Outperform rating on Brinker International Inc (NYSE:EAT) and raised the price target to $37 from $28.50, implying a 12% upside.
- The analyst raised the price target ahead of Brinker’s Q4 earnings.
- Vaccaro said the investors will focus on the company’s FY23 guidance and new updates on sales/margin initiatives under the company’s new CEO and Chili’s CMO.
- The analyst is cautiously optimistic that sales and margins can improve driven by higher pricing and new brand/marketing strategies under the company’s new CEO/CMO.
- Price Action: EAT shares are trading higher by 0.70% at $33.08 on the last check Tuesday.
Amazon To Invest Billions In Taiwan Cloud Infrastructure, Expanding AWS Presence In Asia
Amazon.com disclosed its plan to invest billions of dollars in Taiwan over the next 15 years. The investment aims to establish data centers, further expanding the company's global footprint in Asia to meet the region's increasing demand for cloud services.
