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Fly News Breaks for August 13, 2019
Aug 13, 2019 | 08:43 EDT
As previously reported, MKM Partners analyst Brett Levy initiated Bloomin' Brands with a Buy rating and a price target of $20, saying the company is focusing on reducing costs and improving productivity while making "broad initiative investments" that will position it for future growth. The analyst is positive on Bloomin Brands' rebuilding and expansion of its domestic and international footprints, adding that its recent spate of mixed quarterly financial performance has been priced into the stock.
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