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Fly News Breaks for April 27, 2016
BLMN
Apr 27, 2016 | 08:48 EDT
After Bloomin' Brands reported lower than expected EPS, BMO Capital thinks the company's initiatives are "beginning to gain traction," causing investors' confidence to begin to increase. The firm adds that Bloomin's brand positioning appears to be improving. It raised its price target on the name to $22 from $20 and keeps an Outperform rating on the shares.
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