Market Overview

UPDATE: Miller Tabak Upgrades Dunkin' Brands to Buy on Traffic Gains, Catalysts

Related DNKN
Cheesecake Factory Misses on Q2 Earnings, Lowers Guidance
Markets Steady Despite Mixed Economic Data
Smucker Hikes U.S. Coffee Prices 9% (Fox Business)

Miller Tabak raised its rating on Dunkin' Brands (NASDAQ: DNKN) from Hold to Buy and raised its price target from $34 to $38.

Miller Tabak commented, "We upgrade shares of Dunkin' Brands (DNKN) to Buy and raise our fair value estimate to $38 (from $34) given what we think has been a solid 4Q12 and our outlook for a slightly improved sales environment in 2013. We continue to view year-over-year traffic gains and accelerated new unit growth plans at Dunkin' Donuts U.S. as key positives, and today we add a third positive—solid retail sales, particularly for singleserve K-Cups—as a catalyst for DNKN in the next couple of quarters."

Dunkin' Brands closed at $32.82 on Tuesday.

Posted-In: Miller TabakAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Most Popular

Related Articles (DNKN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters