BLMN - Bloomin' Brands cut at Deutsche Bank after share price runup

Deutsche Bank lowers Bloomin' Brands (BLMN) to a Hold rating from Buy as it points to a more balanced risk/reward profile on the restaurant operator.The firm says it turns cautious after some strong follow through over the last several weeks since BLMN’s earnings results last month."We note that BLMN shares are ~+40% YTD, which includes a ~+21% move since the day prior to earnings results on February 18."BLMN -0.15% premarket.See valuation marks on BLMN.

For further details see:

Bloomin' Brands cut at Deutsche Bank after share price runup