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Fly News Breaks for October 2, 2015
DNKN
Oct 2, 2015 | 08:27 EDT
As previously reported, CLSA upgraded Dunkin' Brands to Outperform from Underperform and lowered its price target to $50 from $56. Analyst Jeremy Scott said the selloff in shares is overdone and risk/reward is attractive at current levels. Scott said Dunkin does face a slower earning growth rate over the coming years but it remains an asset-light, cash-rich model with significant store growth opportunities.
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