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Fly News Breaks for May 3, 2019
DNKN
May 3, 2019 | 09:17 EDT
Baird analyst David Tarantino said after Dunkin' Brands' "solid" Q1 results that he believes the company's unchanged 2019 EPS guidance has an upward bias given what he views as "promising signs of traction" shown in its key growth initiatives. He still thinks the risk/reward "leans favorably," despite acknowledging that the valuation metrics "are starting to look somewhat full." Tarantino raised his price target on Dunkin' shares to $82 from $80 and keeps an Outperform rating on the stock.
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