UPDATE: Raymond James Upgrades Bloomin' Brands, Inc. to Strong Buy
In a research note released Monday at Raymond James, Bloomin' Brands, Inc. (NASDAQ: BLMN) was upgraded from Outperform to Strong Buy while it's $26.00 was left unchanged.
The firm's Bryan Elliott said, "Bloomin' Brands, Inc. recent pullback has, created a compelling risk/reward ratio" and a potential buying opportunity.
Elliott noted Bloomin' Brands has been producing comp sales and margin expansion above most peers.
BLMN shares are trading up nearly 1.5 percent to $23.06.
Latest Ratings for BLMN
|May 2016||Tigress Financial||Upgrades||Neutral||Buy|
|Apr 2016||Goldman Sachs||Maintains||Buy|
|Apr 2016||Credit Suisse||Upgrades||Neutral||Outperform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.