BLMN Dips As Citi Trims Price Target, Stays Neutral
Bloomin’ Brands Inc. (BLMN) shares fell 10.22% due to concerns over weaker consumer spending. Citi lowered its price target to $12.25, maintaining a Neutral rating. The company has thin margins, high debt, and flat revenue growth, but generates positive cash flow. Technical analysis suggests resistance at $10.10 and potential downside to $9.00.






