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Fly News Breaks for February 22, 2019
DIN
Feb 22, 2019 | 07:23 EDT
Wedbush analyst Nick Setyan reiterated an Outperform rating on Dine Brands and raised his price target to $135 following the company's "stellar" Q4 results and 2019 guidance. In a research note to investors, Setyan says he sees continued SSS growth momentum at both Applebee's and IHOP driving margin upside and improvement in net unit growth, resulting in upward revisions in expectations and valuation expansion towards franchised multiples.
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