Bloomin' Brands slips on brokerage downgrades

Bloomin' Brands

06/11/2023 14:51

** Shares of restaurant chain Bloomin' Brands  BLMN.O  down
1.95% at $23.17 
    ** Brokerage Raymond James downgrades BLMN's rating to
"outperform" from "strong buy"; cuts price target to $28 from
$29
    ** Brokerage Barclays also cuts co's price target to $27
from $28 and Morgan Stanley cuts price target to $25 from $26
    ** 4 of 13 brokerages rate the stock "buy" or higher, 9
"hold"; their median PT is $25.50- LSEG
    ** Up to last close, stock was up 17.45% this year 

 (Reporting by Juby Babu in Bengaluru)
 ((Juby.Babu@thomsonreuters.com;))