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Dine Brands downgraded to Market Perform from Outperform at Raymond James
The Fly

Dine Brands downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Brian Vaccaro downgraded Dine Brands to Market Perform from Outperform without a price target. Further upside could be limited, as Applebee’s could cede some of its pandemic share gains as some national competitors increase advertising spend and the company needs to refinance $700M of securitized notes, which could negatively impact EPS, the analyst tells investors in a research note.

Published first on TheFly

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