Wedbush lowered the firm’s price target on Dine Brands to $48 from $54 and keeps a Neutral rating on the shares following quarterly results. The firm views Dine Brands’ current valuation as an accurate reflection of near-term top line challenges, on the one hand, and a relatively high degree of visibility into near- and medium-term EBITDA and cash flow generation enabled by its ~100% franchised model, on the other.
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- Dine Brands price target lowered to $62 from $68 at UBS
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- Dine Brands price target lowered to $48 from $54 at Wedbush
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