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UPDATE: Tigress Downgrades Bloomin' Brands

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UPDATE: Bloomin' Brands Q4 Profit Beats Estimates

In a report released Thursday, Tigress analyst Ivan Feinseth downgraded Bloomin' Brands (NASDAQ: BLMN) from Buy to Neutral.

Analysts at Tigress noted a decrease in foot traffic at domestic Outback Steakhouses, along with a heavy 20 percent decrease in the company's Korean geographic. Bloomin' Brands present optimism in opportunities to come in Brazil and China, but it's too early in the demographic release to develop a consistent trend in performance.

Latest Ratings for BLMN

DateFirmActionFromTo
Feb 2015JP MorganMaintainsOverweight
Jan 2015BarclaysMaintainsOverweight
Dec 2014JefferiesMaintainsHold

View More Analyst Ratings for BLMN
View the Latest Analyst Ratings

Posted-In: Ivan Feinseth TigressDowngrades Price Target Analyst Ratings

 

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