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Fly News Breaks for December 12, 2019
BLMN
Dec 12, 2019 | 05:08 EDT
Goldman Sachs analyst Katherine Fogertey initiated coverage of Bloomin' Brands with a Buy rating and $25 price target. Over the next several quarters, the analyst sees potential for third party delivery to help accelerate the company's underlying business in both Outback and Carrabba's. Longer term, improvements in Outback can help re-rate the multiple that trades at one of the lowest levels in the group, Fogertey tells investors in a research note.
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