Barclays Maintains Overweight on Bloomin Brands, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on Bloomin' Brands (NASDAQ:BLMN) and increased the price target from $27 to $31.
January 03, 2024 | 12:21 pm
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POSITIVE IMPACT
Barclays has reaffirmed its Overweight rating on Bloomin' Brands and raised the price target from $27 to $31, indicating a positive outlook on the stock.
The increase in price target by a major financial institution like Barclays typically reflects a positive assessment of the company's future performance and can lead to increased investor confidence. This often results in a short-term positive impact on the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100