Market Overview

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

Share:
Related DNKN
Iwaspoisoned.com May Be Creating Opportunity For Long-Term Restaurant Investors
Dunkin' Donuts Opens New Outlet in Hard Rock Hotel & Casino

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.

Latest Ratings for DNKN

DateFirmActionFromTo
Jun 2017MizuhoInitiates Coverage OnNeutral
Jun 2017Argus ResearchUpgradesHoldBuy
May 2017RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for DNKN
View the Latest Analyst Ratings

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

 

Related Articles (DNKN)

View Comments and Join the Discussion!