Bloomin' Brands Is A Long-Term Survivor, But Has Near-Term Challenges: Analyst

1. J.P. Morgan cuts BLMN price target from $13.00 to $10.00. 2. Analyst predicts long-term success due to capital-light business model. 3. Near-term challenges persist despite management's focus on operational simplification. 4. 150 U.S. units are expected to be remodeled annually at $1 million each. 5. FY24 sales fell 9.3% year-on-year, missing estimates.