Barclays lowered the firm’s price target on Bloomin’ Brands to $27 from $28 and keeps an Overweight rating on the shares. The company’s Q3 results were below guidance and Street estimates, primarily driven by the September industry comp slowdown, but the comp reversed course in October, the analyst tells investors in a research note.
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Read More on BLMN:
- Analysts Turn on Bloomin’ Brands (NASDAQ:BLMN) amid Soft Guidance
- Bloomin’ Brands downgraded to Outperform from Strong Buy at Raymond James
- Bloomin’ Brands price target lowered to $25 from $26 at Citi
- Bloomin’ Brands (NASDAQ:BLMN) Drops After Q3 U.S. Comparable Sales Disappoint
- Bloomin’ Brands sees Q4 adjusted EPS 64c-74c, consensus 78c
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