We recently published 14 Stocks Jim Cramer Discussed Including His 2 Top Quantum Computing Stocks. ABrinker International, Inc. (NYSE:EAT) is one of the stocks Jim Cramer recently discussed.
Cramer frequently discusses Brinker International, Inc. (NYSE:EAT) in his morning show. The reason he does so is due to the turmoil that some other restaurant stocks are experiencing. Cramer believes that Brinker International, Inc. (NYSE:EAT) stands out from the pack, and he is also a fan of the firm’s CEO, Kevin Hochman. The CNBC TV host believes that Hochman has been able to successfully transform the business since taking over a couple of years back. This time, he discussed Wells Fargo upgrading Brinker International, Inc. (NYSE:EAT)’s shares to Overweight and raising the share price target to $175 from $165. In its note, the investment bank commented that the restaurant could gain additional market share. Here is what Cramer said:
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“I mean you got a call like the Brinker call from Wells Fargo. The restaurants have been the worse, just a horrendous group and Darden was viewed as being bad.
“And Brinker’s the best, the strongest story in the group. Let’s see if the restaurants can actually stabilize. That’s all I want to see.”
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Disclosure: None. This article is originally published at Insider Monkey.