JPMorgan analyst John Ivankoe raised the firm’s price target on Bloomin’ Brands (BLMN) to $10 from $9 and keeps a Neutral rating on the shares. The firm adjusted restaurant and food service distribution models after speaking with management teams.
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Read More on BLMN:
- Bloomin’ Brands name Rafael Sanchez as Chief Information Officer
- Bloomin’ Brands: Hold Rating Amid Reinvestment and Debt Reduction Strategy
- Cautious Hold Recommendation for Bloomin’ Brands Amid Uncertain Market Conditions
- Cautious Outlook: Sell Rating on Bloomin’ Brands Amid Revenue Growth and Margin Pressures
- Bloomin’ Brands price target lowered to $8 from $9 at Barclays