JP Morgan Downgrades Bloomin Brands to Neutral, Announces $26 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe downgraded Bloomin' Brands (NASDAQ:BLMN) from Overweight to Neutral and set a price target of $26.
January 23, 2024 | 2:17 pm
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NEGATIVE IMPACT
Bloomin' Brands was downgraded by JP Morgan from Overweight to Neutral with a price target of $26.
Downgrades by major analysts like JP Morgan can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $26 may also set investor expectations for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100