Why Brinker International (EAT) shares are trading lower today

Shares of casual restaurant chain Brinker International (NYSE:EAT) fell 3.9% in the afternoon session after Wells Fargo analyst Zachary Fadem lowered the firm’s price target on the company to $270 from $280 while maintaining an Overweight rating. According to StreetInsider, Fadem remains constructive on Brinker but trimmed valuation expectations after a week in which several firms recalibrated casual-dining targets amid signs of a broader category slowdown. Earlier in the week, TD Cowen cut its