Analysts have been eager to weigh in on the Services sector with new ratings on Cogeco Communications (CGEAF – Research Report) and Bloomin’ Brands (BLMN – Research Report).
Cogeco Communications (CGEAF)
BMO Capital analyst Tim Casey maintained a Hold rating on Cogeco Communications today and set a price target of C$85.00. The company’s shares closed last Wednesday at $49.52, close to its 52-week low of $47.31.
According to TipRanks.com, Casey is ranked #757 out of 8018 analysts.
Currently, the analyst consensus on Cogeco Communications is a Moderate Buy with an average price target of $69.52, implying a 33.6% upside from current levels. In a report issued on October 20, Canaccord Genuity also downgraded the stock to Hold with a C$70.00 price target.
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Bloomin’ Brands (BLMN)
In a report released today, Andrew Strelzik from BMO Capital maintained a Buy rating on Bloomin’ Brands, with a price target of $29.00. The company’s shares closed last Monday at $24.23, close to its 52-week high of $25.51.
According to TipRanks.com, Strelzik is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloomin’ Brands with a $26.83 average price target, representing a 13.6% upside. In a report issued on October 17, Jefferies also maintained a Buy rating on the stock with a $35.00 price target.
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