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Fly News Breaks for March 29, 2017
MCD, DNKN
Mar 29, 2017 | 05:37 EDT
Goldman Sachs analyst Karen Holthouse downgraded Dunkin' Brands Group (DNKN) to Sell and lowered her price target for the shares to $47 from $48. With the stock trading at the high end of its valuation range, comp and unit growth risks in the U.S. present downside risk, Holthouse tells investors in a research note. She believes McDonald's (MCD) McCafe as well as 7-11's breakfast promotions presents challenges to Dunkin'.
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