UPDATE: Jefferies Initiates Bloomin' Brands at Buy on SSS Growth Across Brands - Bloomin Brands (NASDAQ:BLMN)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Jefferies initiated its coverage on Bloomin' Brands (NASDAQ: BLMN) with a Buy rating and a price target of $17.50. Jefferies commented, "We believe that with a “brand management” philosophy, the current BLMN senior management team has established drivers at Outback and the other brands to consistently drive SSS outperformance. We would look for +3% SSS annually going forward driven by price and traffic growth from remodels, daypart expansion (lunch and brunch), better operating performance (blocking and tackling) and significantly improved value and variety through product innovation, promotion and marketing."Bloomin' Brands closed at $14.40 on Friday.

20-Year Pro Trader Reveals His "MoneyLine"

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