This morning, UBS lowered its price target on shares of Brinker International (NYSE:EAT) to $26 as casual dining trends are on the decline. With the lower price target, UBS maintained its buy rating.
Shares of Brinker were lower this morning, falling 0.6% so far.
And Jefferies reduced its EPS estimates on both Chevron (NYSE:CVX) and ConocoPhillips (NYSE:COP) through 2012 as oil price forecasts were revised lower. In the report, Jefferies maintained its hold rating on both companies.
Despite the report, shares of Chevron were higher by 2.7% while shares of ConocoPhillips were higher by 1.7%.
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