Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on DineEquity

Related DIN
Bed Bath & beyond, DineEquity, Kellogg, Monsanto: Fast Money Picks For April 6
A Calendar Of All The National Food Days You Can Take Advantage Of
Worst-Performing Gurus' Stocks (GuruFocus)

In a report published Friday, Goldman Sachs Group reiterated its Neutral rating on DineEquity (NYSE: DIN), and raised its price target from $58.00 to $66.00.

Goldman Sachs noted, “Marcato Capital Management filed a 13-D indicating a 5.5% active stake in DIN shares. It presented its views on capital allocation to the company; to which DIN management formally responded. We have reevaluated our own views on the topic, and now expect DIN to transition from debt pay-down to a 50/50 mix of dividends/buybacks as a base case. We raise our 12-month price target as a result, but this is still below the current share price. Remain Neutral.”

DineEquity closed on Thursday at $69.68.

Latest Ratings for DIN

Mar 2017CL KingUpgradesNeutralBuy
Jan 2017NomuraDowngradesBuyNeutral
Nov 2016KeyBancDowngradesOverweightSector Weight

View More Analyst Ratings for DIN
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings


Related Articles (DIN)

View Comments and Join the Discussion!