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BLMN Crosses Above Average Analyst Target

In recent trading, shares of Bloomin' Brands Inc (BLMN) have crossed above the average analyst 12-month target price of $9.25, changing hands for $9.39/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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Bloomin' Brands, Inc. (BLMN)