Truist Securities Maintains Buy on Dine Brands Global, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has maintained a 'Buy' rating on Dine Brands Global (NYSE:DIN) but lowered the price target from $78 to $70.
November 02, 2023 | 7:42 pm
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NEUTRAL IMPACT
Dine Brands Global's price target has been lowered from $78 to $70 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100