Jefferies Downgrades Dunkin' Brands (DNKN) to Hold

Jefferies downgraded Dunkin' Brands (NASDAQ: DNKN) from Buy to Hold with a price target of $47.00 (from $50.00).

Analyst Andy Barish commented, "Dunkin’ US comps over the last year have disappointed, but the stock has failed to react accordingly. We like the defensive franchise model, but competition is aggressive and we see few catalysts to drive significant multiple expansion from here."

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 $44.96 yesterday.

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