On Nov 12, major Wall Street analysts update their ratings for $Bloomin Brands (BLMN.US)$, with price targets ranging from $16 to $19.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and maintains the target price at $19.
Barclays analyst Jeff Bernstein maintains with a buy rating, and adjusts the target price from $20 to $19.
BMO Capital analyst Andrew Strelzik maintains with a hold rating, and adjusts the target price from $20 to $16.
Piper Sandler analyst Brian Mullan maintains with a hold rating, and adjusts the target price from $26 to $16.
Raymond James analyst Brian Vaccaro downgrades to a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Bloomin Brands (BLMN.US)$'s main analysts recently are as follows:
Bloomin' Brands' performance continues to face fundamental challenges, and it is uncertain if the current situation represents the lowest point from an earnings perspective, even with new management. The anticipation of a strategy update in the next quarter suggests that the company's stock, which is considered undervalued, might benefit from fresh initiatives that could act as a catalyst.
The company's third-quarter comparable sales, margins, and adjusted EBITDA fell short of expectations, according to an analyst.
Here are the latest investment ratings and price targets for $Bloomin Brands (BLMN.US)$ from 5 analysts:
Note:
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