Wedbush Starts Dunkin' Brands (DNKN) at Neutral on Valuation
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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
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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Wedbush initiates coverage on Dunkin' Brands (NASDAQ: DNKN) with a Neutral. PT $31.00.
"We believe Dunkin's current valuation properly reflects its large domestic and international growth opportunities, as well as the advantages of its franchised model. We also see some risk from muted near-term SSS growth," the firm comments. "Improved West and Emerging market ROIs to drive continued acceleration in Dunkin’s U.S. unit development rate. With brand awareness established by national advertising and successful grocery distribution ahead of unit growth, we expect newly implemented flat national supply chain pricing to drive improved West and Emerging market ROIs and acceleration in U.S. unit development."
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 $31.54 yesterday.
"We believe Dunkin's current valuation properly reflects its large domestic and international growth opportunities, as well as the advantages of its franchised model. We also see some risk from muted near-term SSS growth," the firm comments. "Improved West and Emerging market ROIs to drive continued acceleration in Dunkin’s U.S. unit development rate. With brand awareness established by national advertising and successful grocery distribution ahead of unit growth, we expect newly implemented flat national supply chain pricing to drive improved West and Emerging market ROIs and acceleration in U.S. unit development."
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 $31.54 yesterday.
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