Wells Fargo Resumes Coverage on DineEquity (DIN) at Market Perform; Continued Refranchising Progress, but Relatively Lackluster SSS

Wells Fargo resumes coverage on DineEquity (NYSE: DIN) with a Market Perform. PT range $51-53.

Analyst, Jeff Farmer, said, "High visibility cash flow and refranchising momentum picking up, but we are on the sidelines given our expectation for tepid SSS growth over the balance of 2012."

For an analyst ratings summary and ratings history on DineEquity click here. For more ratings news on DineEquity click here.

Shares of DineEquity closed at $49.92 yesterday.

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