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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.

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

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