Brinker International (EAT) NewsBite - EAT Downgraded By UBS
Posted: Monday, January 04, 2010 1:48 PM EDT
By: Market Intelligence Center Staff
Brinker International (EAT) was downgraded today by analysts at UBS and the stock is now at $14.66, down $0.27 (-1.78%) on volume of 2,241,096 shares traded. The analysts downgraded EAT to Neutral from Buy. Over the last 52 weeks the stock has ranged from a low of $7.95 to a high of $20.09. Brinker International stock has been showing support around $14.77 and resistance in the $15.21 range. Technical indicators for the stock are neutral and S&P gives EAT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on EAT the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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