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BLMN

Bloomin' Brands

$18.09

0.64 (3.67%)

07:04
12/19/18
12/19
07:04
12/19/18
07:04

Bloomin' Brands upgraded to Equal Weight on valuation at Morgan Stanley

As previously reported, Morgan Stanley analyst John Glass upgraded Bloomin' Brands to Equal Weight from Underweight citing valuation after the stock has declined 14% year-to-date, compared to a 12% advance for its casual dining peer group. The underperformance has come as the company's sales have shown real evidence of improvement, noted Glass, who points out that core Outback comp sales have been positive for the past seven quarters. He estimates Outback comps to be up the 2%+ range for FY19, added Glass, who maintains a $19 price target on Bloomin' shares.

BLMN Bloomin' Brands
$18.09

0.64 (3.67%)

12/19/18
MSCO
12/19/18
UPGRADE
MSCO
Equal Weight
Bloomin' Brands upgraded to Equal Weight from Underweight at Morgan Stanley
10/18/18
GDHS
10/18/18
INITIATION
GDHS
Buy
Bloomin' Brands initiated with a Buy at Gordon Haskett
Gordon Haskett analyst Jeff Farmer initiated Bloomin' Brands with a Buy rating and $23 price target, citing the company having drivers in place for continued market share gains.
09/24/18
09/24/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pinnacle Foods (PF) downgraded to Neutral from Overweight at Piper Jaffray with analyst Michael Lavery citing the expectation that the announced deal with ConAgra (CAG) will be approved. 2. Comcast (CMCSA) downgraded to Neutral from Buy at MoffettNathanson and to Perform from Outperform at Oppenheimer. 3. K2M Group (KTWO) downgraded to Sector Perform from Outperform at RBC Capital with analyst Glenn Novarro following its agreement to be acquired by Stryker (SYK). 4. Bloomin' Brands (BLMN) downgraded to Market Perform from Outperform at BMO Capital with analyst Andrew Strelzik saying the sector's comps should start decelerating in Q4 as commodity deflation widens the gap between "food- at-home/food-away-from-home price," adding that the comps at Outback have historically the strongest relationship with changes in commodity prices. 5. Nutanix (NTNX) downgraded to Negative from Neutral at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/24/18
BMOC
09/24/18
DOWNGRADE
Target $21
BMOC
Market Perform
Bloomin' Brands downgraded to Market Perform at BMO Capital on slower comps
As reported earlier, BMO Capital analyst Andrew Strelzik downgraded Bloomin' Brands to Market Perform from Outperform and lowered his price target to $21 from $28 as part of his broader casual dining sector report. The analyst says the sector's comps should start decelerating in Q4 as commodity deflation widens the gap between "food- at-home/food-away-from-home price", adding that the comps at Outback have historically the strongest relationship with changes in commodity prices. Strelzik adds that these expected trends should reduce traffic and weigh on margins, even though the company's "more limited margin expansion" should contain the downside on a relative basis.

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$NSD

NASDAQ Market Internals

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NYSE Market Internals

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KO

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On The Fly
Coca-Cola upgrade, Walgreens downgrade among today's top analyst calls »

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KO

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SNAP

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NOW

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SWM

Schweitzer-Mauduit

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1.11 (2.87%)

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ARVN

Arvinas

$19.41

3.01 (18.35%)

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WE

We Company

$0.00

(0.00%)

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SoftBank

$0.00

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Periodicals
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We Company

$0.00

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SFTBF

SoftBank

$0.00

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SFTBY

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$0.00

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CMCSA

Comcast

$45.65

-0.13 (-0.28%)

, CMCSK

Comcast

$0.00

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Earnings
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$45.65

-0.13 (-0.28%)

CMCSK

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$0.00

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0.76 (0.55%)

MMM

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$167.62

0.06 (0.04%)

NOC

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$349.80

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RTN

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BAX

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DOW

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$47.27

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HSY

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$149.87

0.14 (0.09%)

TWTR

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$38.30

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LUV

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$53.25

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TROW

T. Rowe Price

$109.40

1.4 (1.30%)

SWK

Stanley Black & Decker

$153.29

1.98 (1.31%)

HBAN

Huntington Bancshares

$14.48

0.045 (0.31%)

CTXS

Citrix

$103.72

-0.38 (-0.37%)

TSCO

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$94.34

0.12 (0.13%)

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HMC

Honda

$26.63

0.015 (0.06%)

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EW

Edwards Lifesciences

$225.67

3.75 (1.69%)

, TSLA

Tesla

$255.10

-0.52 (-0.20%)

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LVS

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NOW

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F

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LRCX

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EBAY

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ORLY

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XLNX

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EFX

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ALGN

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BMRN

BioMarin

$69.77

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FBHS

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$58.73

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SLM

Sallie Mae

$9.10

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SAVE

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$37.74

0.49 (1.32%)

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HPE

HP Enterprise

$15.93

-0.03 (-0.19%)

13:55
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Conference/Events
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AXON

Axovant Sciences

$0.00

(0.00%)

13:53
10/23/19
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13:53
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13:53
Recommendations
Axovant Sciences analyst commentary  »

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GGAL

Grupo Financiero

$12.75

0.4 (3.24%)

13:45
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Options
Grupo Financiero call volume above normal and directionally bullish »

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SNAP

Snap

$13.27

-0.73 (-5.21%)

, FB

Facebook

$184.57

2.3 (1.26%)

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SNAP

Snap

$13.27

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FB

Facebook

$184.57

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TWTR

Twitter

$38.30

-0.52 (-1.34%)

GOOG

Alphabet

$1,253.59

10.81 (0.87%)

GOOGL

Alphabet Class A

$1,251.72

10.64 (0.86%)

AMZN

Amazon.com

$1,757.06

-9.01 (-0.51%)

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ALXN

Alexion

$105.87

6.645 (6.70%)

13:37
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13:35
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General news
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Treasury Action: the…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/23/19
10/23
13:17
10/23/19
13:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/23/19
10/23
13:16
10/23/19
13:16
Technical Analysis
NYSE market internals summary »

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GOOG

Alphabet

$1,254.75

11.97 (0.96%)

, GOOGL

Alphabet Class A

$1,252.88

11.8 (0.95%)

13:08
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Periodicals
Google makes search engine remedy in EU more palatable amid pressure, WSJ says »

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GOOG

Alphabet

$1,254.75

11.97 (0.96%)

GOOGL

Alphabet Class A

$1,252.88

11.8 (0.95%)

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CC

Chemours

$17.16

1.1 (6.85%)

13:05
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10/23
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Options
Chemours call volume above normal and directionally bullish »

Bullish option flow…

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T

AT&T

$37.80

-0.38 (-1.00%)

, NWS

News Corp

$14.23

0.03 (0.21%)

12:50
10/23/19
10/23
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12:50
Periodicals
CNN working on digital news service, Information says »

WarnerMedia's (T)…

T

AT&T

$37.80

-0.38 (-1.00%)

NWS

News Corp

$14.23

0.03 (0.21%)

NWSA

News Corp.

$13.86

0.01 (0.07%)

FB

Facebook

$184.53

2.26 (1.24%)

AAPL

Apple

$242.41

2.44 (1.02%)

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F

Ford

$9.06

-0.005 (-0.06%)

, GM

General Motors

$36.14

-0.185 (-0.51%)

12:47
10/23/19
10/23
12:47
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12:47
Earnings
Fly Intel: What to watch in auto sector earnings reports »

Ford (F) is scheduled to…

F

Ford

$9.06

-0.005 (-0.06%)

GM

General Motors

$36.14

-0.185 (-0.51%)

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

12:45
10/23/19
10/23
12:45
10/23/19
12:45
Hot Stocks
Breaking Hot Stocks news story on Hexo 

Hexo Corp trading resumes…

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