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Fly News Breaks for February 26, 2018
DIN
Feb 26, 2018 | 06:14 EDT
Raymond James analyst Brian Vaccaro upgraded Dine Brands to Outperform and established an $85 price target to reflect an improvement at Applebee's following last week's analyst day. Vaccarro thinks comps can solidly outperform over the next several quarters driven by disruptive price points, abundant value promotions, and more effective advertising, which should lead to a dramatic improvement in 2019 earnings and multiple expansion.