JPMorgan Upgrades Dunkin' Brands (DNKN) to Overweight

JPMorgan analyst John Ivankoe upgraded Dunkin' Brands (NASDAQ: DNKN) from Neutral to Overweight with a price target of $76.00 (from $72.00).

The analyst comments "June SSS for open DD US stores improved to -9% after the -32% low for the month of April. July has seen further improvement with SSS down low single digits QTD through the 25th. Approximately 96% of DNKN US stores are now open, and an even higher percentage of traditionally located units. Importantly, franchise economics have broadly stabilized and is reflective of a business not only poised for survival but to re-engage near term investments and growth opportunities."

For an analyst ratings summary and ratings history on Dunkin' Brands click here. For more ratings news on Dunkin' Brands click here.

Shares of Dunkin' Brands closed at $68.65 yesterday.

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