Goldman Sachs Starts Dunkin' Brands (DNKN) at Sell

Goldman Sachs initiates coverage on Dunkin' Brands (NASDAQ: DNKN) with a Sell and $23 price target, suggesting 15% downside.

The firm said even with solid growth potential and best in class margins, they do not expect the long-term EPS growth algorithm to exceed the mid-teens. However, shares are reflecting faster growth. With shares up 65% from the initial $16-18 IPO range, the stock is already ahead of fair value.

For more ratings news on Dunkin' Brands click here and for the rating history of Dunkin' Brands click here.

Shares of Dunkin' Brands closed at $27.00 yesterday, with a 52 week range of $24.97-$31.94.

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