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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