BLMN - Bloomin' Brands dips 7% as Citigroup lowers target to $19
Bloomin' Brands < > drops 7% on Thursday, June 16 as Citigroup analyst Jon Tower lowers company target from $24 to $19, maintains Neutral. This is the lowest price level company has seen in more than a year. Quant rating of 4.34 and a Buy. Gives poor marks to company valuation and growth; comparision with the peers based on quant factor grades. Sell Side Analyst rating of Buy with a 4.23 score. (Strong Buy 6; Buy 4; Hold 3) Average price target of $28.92. SA Author rating of Strong Buy with 4.00 score. SA Pro Editors wrote in May about the stock having a potential of 100% upside on attractive valuation and upbeat outlook. Competitor ARCO climbed 9% on the previous day on upgrade by Bradesco. A comparative price performance of the stock against its peers and broader market over the last six months.
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Bloomin' Brands dips 7% as Citigroup lowers target to $19