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Fly News Breaks for July 28, 2016
DNKN
Jul 28, 2016 | 06:42 EDT
As previously reported, CLSA downgraded Dunkin' Brands to Underperform from Outperform and lowered its price target to $49 from $53. Analyst Jeremy Scott said shares have had solid year-to-date performance and he sees limited catalysts to drive traffic comps and believes a slowdown in unit growth is likely. The analyst trimmed estimates due to lower comp estimates and a tighter pipeline of store openings.
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