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UPDATE: Tigress Downgrades Bloomin' Brands

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8 Biggest Price Target Changes For Thursday
Benzinga's Top Upgrades, Downgrades For February 23, 2017

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 2017Credit SuisseDowngradesOutperformNeutral
Feb 2017JP MorganDowngradesOverweightNeutral
Jan 2017Goldman SachsDowngradesBuyNeutral

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Posted-In: Ivan Feinseth TigressDowngrades Price Target Analyst Ratings

 

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