The Fly

Bloomin’ Brands reinstated with a Neutral, $27 price target at BofA

As previously reported, BofA analyst Sara Senatore reinstated coverage of Bloomin’ Brands with a Neutral rating and $27 price target. The Outback and Carrabba’s brands are likely to drive performance, but the firm expects comps to slow as pricing actions roll off and given some level of macro risk.

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