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Here are the biggest calls on Wall Street on Monday:
Deutsche said in its upgrade of the restaurant hospitality company and owner of Chili's that it sees a "multiple re-rate" of the stock as long as management continues to execute.
"We are upgrading shares of EAT to Buy, as we believe that there is still ~25% upside over the next 12 months in a relatively conservative base case, and more than that in a bull case that seems far from incredible. It appears evident to us that a complete narrative shift is now underway with EAT, and so long as management can continue to execute and make smart decisions with the balance sheet, we see the potential for a multiple re-rate to follow."
"First, the leading off-price retailers' stores and concepts have proven to be destinations loved by consumers as evidenced by traffic increases driving market share gains over many years. Although COVID-19 forced the temporary closure of stores for most of the first quarter, leading to more than a 50% decline in sales, we believe that reopenings will have allowed business trends to jump start and eventually get back on track, if not accelerate post 2Q20 and beyond."