Wells Fargo Starts Dunkin' Brands (DNKN) at Market Perform; Favorable View Of Brand Strength & Development Potential

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September 6, 2011 8:14 AM EDT
Get Alerts DNKN Hot Sheet
Price: $106.48 -0.07%

Rating Summary:
    10 Buy, 31 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on Dunkin' Brands (NASDAQ: DNKN) with a Market Perform. PT range $24-$28.

Wells analyst says, 'Initiating coverage of DNKN with a Market Perform rating given current valuation. However, we view the company and its growth potential
favorably due to impressive brand strength of flagship Dunkin' Donuts chain,
significant runway for growth both domestically and internationally, product
innovation efforts, compelling unit economics, and the franchise business model.
Initiating 2011 (pro forma) and 2012 EPS estimates of $0.93 and $1.05."

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.

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