Morgan Stanley Maintains Equal-Weight on Bloomin Brands, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass has maintained an Equal-Weight rating on Bloomin Brands (NASDAQ:BLMN) and lowered the price target from $27 to $26.
October 11, 2023 | 1:26 pm
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Morgan Stanley has maintained an Equal-Weight rating on Bloomin Brands and lowered the price target from $27 to $26.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Bloomin Brands in the short term. This is because the new price target suggests a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100