Bloomin’ Brands price target lowered to $26 from $28 at UBS

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.