UBS analyst Dennis Geiger lowered the firm’s price target on Dine Brands to $62 from $68 and keeps a Buy rating on the shares. Dine’s Q3 earnings and call commentary included largely in-line topline results, but continued traffic pressure and shifting unit growth into 2024, the analyst tells investors in a research note.
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Read More on DIN:
- Dine Brands price target lowered to $60 from $64 at Barclays
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- Dine Brands sees FY23 adjusted EBITDA $245M-$255 vs. prior $243M-$255M
- Dine Brands reports Q3 EPS $1.46, consensus $1.31