JPMorgan bails on 'value trap' Brinker International

|About: Brinker International, Inc. (EAT)|By:, SA News Editor

Brinker International (EAT -8.5%) lost its last bullish rating from a major Wall Street firm this morning when JPMorgan moved to Neutral from Overweight.

The firm says Brinker has lost its ability to financially engineer results and is stuck in the secular reality of a declining restaurant category.

The topper as pointed out by JP is the 5% restaurant labor wage inflation that is hitting Brinker right at the wrong time

Subscribe for full text news in your inbox