BLMN Upgraded by JP Morgan -- Price Target Raised to $13.00

gurufocus.com · 2026-09-29

Bloomin Brands (BLMN) Analyst Rating Update On October 10, 2023, JP Morgan upgraded Bloomin Brands (BLMN) from Underweight to Neutral. The analyst, John Ivan

TickrTrends take: JP Morgan's upgrade and price target increase to $13 comes as BLMN carries a Fairly valued designation from TickrTrends, suggesting the market has already priced in much of the positive sentiment reflected in the analyst action. For a Consumer Cyclical stock, monitoring whether the market reprices toward the new target will be important to track changes in the valuation equilibrium. Investors should observe whether trading volume and price movement following the upgrade indicate whether institutional adoption of the higher target might shift BLMN from fairly valued into undervalued territory.

Read the full story at gurufocus.com →