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Fly News Breaks for November 18, 2016
DIN
Nov 18, 2016 | 06:42 EDT
As previously reported, KeyBanc downgraded DineEquity to Sector Weight from Overweight. Analyst Chris O'Cull said Applebee's Wood Fired Grill platform launch has been met with tepid consumer response as evidenced by SRS declines while shares are up 9% since the Q2 report. O'Cull said management has complex issues to address including product positioning, promotional missteps, and execution.
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