Bloomin’ Brands price target raised to $30 from $26 at BofA

BofA analyst Sara Senatore raised the firm’s price target on Bloomin’ Brands to $30 from $26 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for restaurant stocks ahead of Q2 earnings season for the group and raising price targets for a number of names in its coverage on higher estimates and/or higher market multiples.