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Bloomin' Brands Sees 64% Upside Potential Following Upgrade

Guavy AI Editorial Team
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JPM
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Bloomin' Brands (NASDAQ: BLMN) has received an upgrade from JPMorgan Chase & Co. to 'neutral' from 'underweight', with a price target of $13.00.

This represents a potential upside of 64.35% from the company's previous close, according to MarketBeat Ratings.

The restaurant operator reported earnings per share (EPS) of $0.39 for the quarter, beating the consensus estimate of $0.29 by $0.10. Revenue was up 1.3% year-over-year, reaching $1.02 billion.

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