UBS lowered the firm’s price target on Bloomin’ Brands to $26 from $28 and keeps a Neutral rating on the shares. The firm expects Bloomin’ to report a modest SSS miss and roughly in line margins, and anticipates a focus on the outlook for traffic and sales, margin implications, and any commentary on strategic optionality, the analyst tells investors in a research note.
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Read More on BLMN:
- Bloomin’ Brands (BLMN) Q3 Earnings Cheat Sheet
- Bloomin’ Brands price target lowered to $24 from $28 at BofA
- Bloomin’ Brands price target lowered to $26 from $27 at BMO Capital
- Bloomin’ Brands initiated with a Hold at Deutsche Bank
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