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Fly News Breaks for October 31, 2019
SBUX, DNKN
Oct 31, 2019 | 15:59 EDT
Stephens analyst Will Slabaugh raised his price target for Dunkin' Brands (DNKN) to $82 from $75 following the company's Q3 results. The analyst says he's "warming to the idea" that Dunkin' is in an "enviable second mover position" on beverage innovation with the hindsight benefits of what worked for Starbucks (SBUX). However, he keeps an Equal Weight rating on the shares "for now."
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