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
|Jul 2015||Goldman Sachs||Initiates Coverage on||Buy|
|May 2015||Deutsche Bank||Initiates Coverage on||Hold|
|May 2015||JP Morgan||Maintains||Overweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.