Market Overview

UPDATE: RBC Capital Markets Initiates Coverage on Dunkin' Brands on Multiple Positive Factors

Related DNKN
Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs
Dow Suffers 300 Point Drop; S&P 500 And NASDAQ Also Tumble
Smucker Hikes U.S. Coffee Prices 9% (Fox Business)

In a report published Friday, RBC Capital Markets analyst David Palmer initiated coverage on Dunkin' Brands Group (NASDAQ: DNKN) with an Outperform rating and $57.00 price target.

In the report, RBC Capital Markets noted, “We believe the launch of digital loyalty in 1Q14, together with ongoing strong unit growth, should lead to accelerating revenue growth from the high margin Dunkin US business in 2014. This should result in high teens near-term EPS growth and mid-teens EPS growth longer-term. Additional near-term upside can come from a step up in stock repurchase or a higher dividend payout.”

Dunkin' Brands Group closed on Thursday at $47.22.

Posted-In: David Palmer RBC Capital MarketsAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (DNKN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters