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Fly News Breaks for November 4, 2015
BLMN
Nov 4, 2015 | 07:17 EDT
Raymond James downgraded Bloomin' Brands to Outperform and lowered its price target to $22 following Q3 results. Analyst Brian M. Vaccaro said underlying Q3 comp and margin results were below expectations but offset by lower operating costs and G&A. Vaccaro believes investors will take a wait and see approach until visibility improves but said downside is limited given the stock's discounted valuation.
News For BLMN From the Last 2 Days
BLMN
Apr 22, 2024 | 08:44 EDT
Raymond James raised the firm's price target on Brinker (EAT) to $54 from $50 and keeps a Strong Buy rating on the shares. The firm maintains a selective stance towards its restaurant coverage universe as industry sales have underwhelmed in recent months, causing Raymond James to increasingly favor stocks it view as having "idiosyncratic factors trading at attractive valuations," such as Brinker, Shake Shack (SHAK), First Watch (FWRG) and Bloomin' Brands (BLMN), the analyst tells investors in a group earnings preview note.
