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Fly News Breaks for November 5, 2015
BLMN
Nov 5, 2015 | 06:11 EDT
Morgan Stanley downgraded Bloomin' Brands to Equal Weight and lowered its price target to $19 from $25 on shares. Analyst John Glass said Bloomin' Brands is facing declining near-term comps, increasing labor-related margin pressures, store remodels, and risk from Brazil. Glass sees no compelling reason to own the stock and expects same-store-sales to remain weak likely into Q1 2016.
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