BUZZ-Texas Roadhouse up after Wells Fargo upgrades stock, hikes PT
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Texas Roadhouse shares rose 1.3% premarket after Wells Fargo upgraded the stock to "overweight" and increased the price target to $195 from $170. The brokerage views beef cost headwinds as cyclical and expects them to ease by the second half of 2026. Casual dining is anticipated to perform well in 2026, with margin recovery expected for Texas Roadhouse later in the year. Currently, 12 out of 31 analysts rate the stock as "buy" or higher, while 19 rate it "hold." The median price target is $188.
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