Chili's has seen strong sales, suggesting its stock could be in for a big boost, according to Key Banc.
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The bank upgraded the parent company of Chili's and Maggiano's Little Italy to buy from neutral.
Analyst David Palmer upgraded the casual dining restaurant company to outperform from in line.
Shares of Brinker International could rise 25% from here, said Citi analyst Jon Tower.
The casual-restaurant chain saw traffic and sales boosts last quarter.
The recent pullback in shares of Chipotle may be nearing its end, Piper Sandler said in a note dated Monday.
Chili’s reported a 24% jump in same-store sales in its most recent earnings report.
