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Fly News Breaks for February 19, 2020
News For DNKN From the Last 2 Days
Jun 3, 2020 | 12:36 EDT
Goldman Sachs analyst Katherine Fogertey raised the firm's price target on Dunkin' Brands to $54 from $48 and keeps a Neutral rating on the shares after the company issued a business update that pointed to intra-quarter trends at both U.S. brands that were slightly better than her estimated recovery trajectory. However, she continues to have concerns on the extent of support required for international franchisees, where many units remain closed, said Fogertey. In FY19, the international business represented 43% of units, 19% of system sales, and 6% of royalties and franchise fees for Dunkin', the analyst tells investors.