Raymond James Maintains Strong Buy on Bloomin Brands, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Vaccaro has maintained a 'Strong Buy' rating on Bloomin Brands (NASDAQ:BLMN), but lowered the price target from $33 to $29.
October 18, 2023 | 11:33 am
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Despite a lowered price target, Bloomin Brands maintains a 'Strong Buy' rating from Raymond James.
The 'Strong Buy' rating indicates that Raymond James still sees potential in Bloomin Brands, which could attract investors. However, the lowered price target might indicate a slower growth rate than previously expected, which could temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100