Citi analyst Jon Tower raised the firm’s price target on Denny’s to $11 from $9 and keeps a Neutral rating on the shares. After a soft start to the quarter, the core Denny’s brand Q4 comp beat was welcomed but did little to assuage concerns regarding store-level profit growth, the analyst tells investors in a research note.
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- Denny’s enters exclusive test agreement with Franklin Junction
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- Denny’s reports preliminary Q4 domestic same-restaurant sales up 1.3%
- Denny’s Corporation Releases Preliminary Financial Results for Fourth Quarter and Fiscal Year 2023
- Denny’s price target raised to $13 from $12 at Oppenheimer
