Bloomin' Brands Has 40% Upside Potential, BMO Says Outback Steakhouse's parent company Bloomin' Brands Inc (NASDAQ: BLMN ) faces a few months of challenges ahead but could be a winner in the restaurant category in a post-COVID reality, according to BMO Capital Markets. The Analyst: Andrew Strelzik upgraded Bloomin' Brands stock from Market Perform to Outperform with a price target lifted from $17 to $22. The Thesis: Expectations for an eventual return to some form of normalcy due to encouraging vaccine updates bodes well for restaurant stocks like Bloomin', Strelzik said in the note. The analyst's bullish stance on Bloomin's stock is based on the following assumptions for its brands: Domestic dine-in average unit volume (AUVs) come in 5% below fiscal … Full story available on Benzinga.com