BUZZ-Brinker International falls after KeyBanc cuts rating on valuation

Chili's Grill & Bar operator Brinker International's EAT.N shares fall 1.5% to $152.26 premarket

Brokerage KeyBanc downgrades stock to "sector weight" from "overweight"

Says stock’s current valuation is well beyond a realistic bull-case scenario

Says profit targets can be achieved, but is not a given, even as company is poised to deliver another quarter of industry-leading same-store sales growth

Brokerage says it prefers Darden Restaurants DRI.N over EAT, as DRI has higher store-level margins, modest unit growth, and a track record of successful M&A activity

EAT is set to report Q2 results on Jan. 29

Four of 20 brokerages rate the stock "buy" or higher, and 16 "hold"; with a median PT of $140 - data compiled by LSEG

In 2024, EAT rose ~206%