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Fly News Breaks for November 7, 2019
Nov 7, 2019 | 04:47 EDT
JPMorgan analyst John Ivankoe downgraded Bloomin' Brands to Neutral from Overweight with a $25 price target.
News For BLMN From the Last 2 Days
Feb 19, 2020 | 06:51 EST
BMO Capital analyst Andrew Strelzik raised his price target on Bloomin' Brands to $23 after its Q4 results, noting that while the company missed on earnings due to weaker comps and margins, its $40M in cost savings expected over the next two years improves its medium term visibility. The analyst is keeping his Market Perform rating on the stock amid the challenging same-store sales environment and the emergence of African Swine Fever creating a risk to expectations, but he also believes that Bloomin' Brands' ongoing strategic review could lead to changes that mute the impact of industry fundamentals on its stock price.