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Fly News Breaks for February 19, 2020
DNKN
Feb 19, 2020 | 07:47 EDT
Argus analyst John Staszak downgraded Dunkin' Brands to Hold from Buy. The analyst expects the company to perform solidly in the next several quarters, but he is concerned that the high valuation and modest growth prospects due to increased breakfast menu competition will restrict its further share prices. Staszak also reduces his FY20 EPS view by 20c to $3.20, though he remains positive on the company's longer term opportunities to expand into new sales channels and geographic regions.
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