Bank of America raised its price target for Texas Roadhouse Inc. (TXRH) to $225 from $216. Analysts cited a more optimistic outlook on the restaurant operator’s stock value for the adjustment. The new target implies significant upside potential compared to current trading levels.
FactSet data shows Texas Roadhouse maintains an average analyst rating of overweight. The mean price target across all analysts covering the stock stands at $194.72. No specific market reaction followed the announcement of this individual analyst update.