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Fly News Breaks for April 3, 2019
DNKN
Apr 3, 2019 | 06:09 EDT
BMO Capital analyst Andrew Strelzik downgraded Dunkin' Brands to Market Perform with a price target of $75, saying that while he remains positive on the company's underlying fundamentals over the long term, he sees risk/reward at current levels as "less persuasive". The analyst believes that the company is "taking appropriate steps" to re-position its brand for solid same-store sales growth over the next several years, and contends that the progress is becoming evident "through updated brand presentation elements, successful new product launches, greater value orientation, and streamlined operations."
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