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Fly News Breaks for September 7, 2016
DIN
Sep 7, 2016 | 07:11 EDT
As noted earlier, KeyBanc upgraded DineEquity to Overweight from Sector Weight. Analyst Chris O'Cull says that the stock has reached a good entry point, while its risk/reward ratio is "compelling.". He thinks that new promotions at Applebee's moderated the chain's sales declines in Q3, and he says that current initiatives should enable the chain's same restaurant sales to turn positive in early 2017. O'Cull expects IHOP's same-restaurant sales growth to accelerate going forward. Target $90.
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