Dine Brands price target raised by $2 at KeyBanc, here’s why

KeyBanc raised the firm’s price target on Dine Brands to $57 from $55 and keeps an Overweight rating on the shares. The increased price target reflects the prospect of lower interest rates, the analyst tells investors in a research note. Both Applebee’s and IHOP possess distinct scale advantages that should enable the brands to manage through an uncertain environment and deliver SSS outperformance over the long term, the firm says.