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Fly News Breaks for September 20, 2016
DNKN
Sep 20, 2016 | 09:07 EDT
Credit Suisse analyst Jason West raised Dunkin' Brands estimates following US franchisees checks that suggest the US business has gained some momentum over the past 2-3 months, led by more impactful new products and the rollout of Cold Brew coffee. Contacts continue to point to intense competition, especially from convenience stores but the feedback was sales trends have improved, the analyst wrote. West raised Q3 US same-store-sales estimates to +2% from +1.2%, Q4 to +2.5% from +1.3%, and 2016 earnings to $2.23 from $2.24, and 2017 earnings to $2.44 from $2.42. The analyst rates Dunkin' Brands an Outperform and raised his price target to $52 from $51.
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