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Fly News Breaks for October 2, 2015
DNKN
Oct 2, 2015 | 08:28 EDT
RBC Capital believes that Dunkin' Brands' stock could stay range-bound in the near-term after the company projected third quarter U.S. same-store sales that fell below the prior year period. The firm believes that Dunkin's problems are being caused more by execution issues than "profound brand problems." It thinks that a number of positive catalysts, including new product platforms, the growth of digital loyalty programs, and ongoing 5%+ unit growth should enable Dunkin's revenue growth to accelerate in 2016. RBC cut its price target on the name to $50 from $62 and kept an Outperform rating on the share.
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