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Fly News Breaks for July 27, 2018
DNKN
Jul 27, 2018 | 08:53 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Dunkin' Brands to $78 and kept his Outperform rating after its "strong" Q2 earnings and higher than expected U.S. comps. The analyst adds that the slight decline in the company's FY18 EPS outlook reflects entirely the implementation of Dunkin' Brands' previously announced brand investments. Strelzik also believes that the company's latest initiatives and the launch of NextGen store format can accelerate its sales.
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