Analyst Ratings for Dunkin' Brands (DNKN)

Overall Rating: NEUTRAL Rating Trend: Down

Avg. $ Target: $35.24 (-13%)

Date	Firm	Type	Rating (Past)	PT (Past)	Start $	End $	% Chg.	Details
5/20/2013	Longbow Research	Downgrade	Neutral (Buy)	N/A (N/A)	42.04	40.50	-3.66%	Details
1/31/2013	Miller Tabak	Downgrade	Neutral (Buy)	39.00 (N/A)	35.78	40.50	13.19%	Details
1/10/2013	Raymond James	Downgrade	Market Perform (Outperform)	N/A (N/A)	34.97	40.50	15.81%	Details
1/9/2013	Janney Montgomery Scott	Upgrade	Buy (Neutral)	40.00 (33.00)	34.11	40.50	18.73%	Details
11/26/2012	UBS » Updated 4/26/2013	New Coverage	Buy (N/A)	43.00 (41.00)	30.49	40.50	32.83%	Details
11/6/2012	Wedbush	New Coverage	Neutral (N/A)	31.00 (N/A)	31.54	40.50	28.41%	Details
9/21/2012	Wells Fargo » Updated 10/22/2012	New Coverage	Outperform (N/A)	36.50 (34.50)	30.40	40.50	33.22%	Details
7/17/2012	JPMorgan	Downgrade	Underweight (Overweight)	33.00 (N/A)	35.39	40.50	14.44%	Details
7/12/2012	Piper Jaffray	New Coverage	Overweight (N/A)	39.00 (N/A)	33.75	40.50	20%	Details
5/22/2012	Stephens	New Coverage	Equal Weight (N/A)	37.00 (N/A)	32.20	40.50	25.78%	Details
5/16/2012	Argus	Upgrade	Buy (N/A)	N/A (N/A)	32.30	40.50	25.39%	Details
2/27/2012	Citi	New Coverage	Buy (N/A)	36.00 (N/A)	29.22	40.50	38.6%	Details
1/4/2012	Goldman Sachs » Updated 5/8/2013	Upgrade	Neutral (N/A)	43.00 (N/A)	24.74	40.50	63.7%	Details
12/28/2011	DA Davidson	Upgrade	Neutral (N/A)	26.00 (N/A)	24.89	40.50	62.72%	Details
12/13/2011	Jefferies » Updated 6/11/2012	New Coverage	Buy (N/A)	36.00 (N/A)	25.18	40.50	60.84%	Details

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