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.
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