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In a report published Thursday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on (NASDAQ; DNKN), but removed the $49.00 price target.
In the report, Morgan Stanley noted, “DNKN held its 3rd ever Analyst Day (at the Dallas Cowboys Stadium), highlighting an impressive product pipeline, increase in unit potential, and enthusiasm about mobile. Against this, a competitive environment and sluggish macro is weighing on comps, but DNKN is closer to a recap than we thought.”
Dunkin Brands Group Inc closed on Wednesday at $46.78.
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