Barclays Maintains Overweight on Bloomin Brands, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on Bloomin Brands (NASDAQ:BLMN) but lowers the price target from $31 to $28.
October 23, 2023 | 3:11 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Bloomin Brands but lowers the price target from $31 to $28.
The news is directly about Bloomin Brands. Barclays' decision to maintain an Overweight rating indicates a positive outlook for the company. However, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100