UPDATE: Tigress Downgrades Bloomin' Brands
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
|May 2016||Tigress Financial||Upgrades||Neutral||Buy|
|Apr 2016||Goldman Sachs||Maintains||Buy|
|Apr 2016||Credit Suisse||Upgrades||Neutral||Outperform|
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