Goldman Sachs Bumps Price Target on Dunkin' Brands (DNKN) After Dividend, Keeps 'Neutral' Rating

Goldman Sachs bumped its price target on Neutral-rated Dunkin' Brands (NASDAQ: DNKN) from $26 to $27 after the company initiated a 2.1% dividend.

"We see this as a positive development for Neutral-rated DNKN shares, as FCF deployment is a very relevant theme in today’s market, and the dividend rate is higher than we had assumed as a base case," the analyst said. That said, the dividend was expected and the near-term impact on the shares will be limited.

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 $28.43 yesterday.

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