Truist analyst Jake Bartlett lowered the firm’s price target on Dine Brands to $92 from $100 and keeps a Buy rating on the shares. While decelerating SSS momentum in Q4 gives the firm pause, Truist expects Applebee’s and IHOP to sustain positive SSS in 2023, driven by strong value positioning, the analyst tells investors in a research note.
Published first on TheFly
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Read More on DIN:
- Dine Brands price target raised to $84 from $80 at Barclays
- Dine Brands: Applebee’s Q4 SSS increased 1.7%, IHOP’s increased 2%
- Dine Brands sees FY 23 adjusted EBITDA $243M- $255M
- Dine Brands reports Q4 EPS 1.34, consensus $1.24
- Dine Brands downgraded to Market Perform from Outperform at Raymond James
