Dine Brands price target raised to $68 from $63 at Benchmark

Benchmark raised the firm’s price target on Dine Brands to $68 from $63 and keeps a Buy rating on the shares after the company recently reported Q4 revenues that matched consensus expectations along with a “solid” adjusted EPS beat. The firm believes “the only explanation for the current depressed valuation” of shares is an investor desire for tangible performance improvement at Applebee’s, which it believes can be delivered in FY24, the analyst added.