BofA lowered the firm’s price target on Bloomin’ Brands (BLMN) to $8 from $9 and keeps an Underperform rating on the shares. The firm is fine-tuning estimates for over 20 companies across its restaurants coverage and also adjusting price targets to reflect estimate and market multiple changes as part of its calendar Q1 preview for the group.
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Read More on BLMN:
- Bloomin’ Brands price target lowered to $9 from $10 at JPMorgan
- Bloomin’ Brands price target lowered to $10 from $13 at JPMorgan
- Bloomin’ Brands CEO buys $1.02M in common stock
- Bloomin’ Brands Earnings Call: Strategic Moves Amid Challenges
- Bloomin’ Brands price target lowered to $12 from $16 at BMO Capital