Barclays Maintains Overweight Rating for Dine Brands Global: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for Dine Brands Global (NYSE:DIN) but lowered its price target from $64.00 to $57.00. Dine Brands Global's shares are currently up 0.65% at $46.80, with the new target suggesting a 21.79% potential upside. The company, owning franchises like Applebee's and IHOP, primarily earns through franchise operations, with the majority of its restaurants located in the U.S.
February 29, 2024 | 5:00 pm
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Barclays maintains Overweight rating on Dine Brands Global, lowers price target from $64 to $57. Shares currently up, indicating a potential 21.79% increase.
The maintenance of an Overweight rating by Barclays, despite a lowered price target, suggests confidence in Dine Brands Global's fundamentals. The current share price increase and the potential for further growth based on the new target price indicate a positive short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100