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Fly News Breaks for February 19, 2020
BLMN
Feb 19, 2020 | 07:35 EDT
Guggenheim analyst Matthew DiFrisco raised the firm's price target on Bloomin' Brands to $30 from $27 following the company's report of a "strong start" to 2020. Though there may be concern that the cost cuts are too deep, he is encouraged by the new capital allocation strategy to double the dividend, prioritize debt reduction, and moderate share repurchases, DiFrisco said. He keeps a Buy rating on Bloomin' shares.
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