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Fly News Breaks for February 12, 2018
DNKN
Feb 12, 2018 | 06:21 EDT
As reported earlier, BMO Capital analyst Andrew Strelzik upgraded Dunkin' Brands to Outperform from Market Perform and raised his price target to $69 from $64. Strelzik cites his increased confidence following the company's investor meeting that the "next gen store image" can refresh the brand and produce an inflection in comps into 2019, estimating 50-100bps in annualized comp improvement. The analyst adds that the company has "strong visibility" in its remodeling progress.
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