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Fly News Breaks for July 17, 2018
BLMN
Jul 17, 2018 | 17:19 EDT
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Bloomin' Brands, saying the company continues to "benefit from the strong consumer spending environment and positive casual dining trends, along with a number of existing catalysts that could unlock additional shareholder value". With same store sales growth gaining momentum, the analyst notes the company's efforts to invest in new initiatives to further improve operating margins. Feinseth contends that "further upside exists from current levels", recommending that investors use the recent pullback in the stock price as a buying opportunity.
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