Applebee's Parent Dine Brands' Strong Free Cash Flow And Accelerated Share Repurchase Is Noteworthy, Analyst Upgrades Stock
Portfolio Pulse from Nabaparna Bhattacharya
Wedbush analyst Nick Setyan upgraded Dine Brands Global, Inc. (NYSE:DIN) to Outperform, raising the price target to $47. Key catalysts include a $100 million+ accelerated share repurchase plan and strong free cash flow projections. DIN shares rose 13.1% to $35.32.
October 01, 2024 | 6:20 pm
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Wedbush analyst Nick Setyan upgraded Dine Brands Global, Inc. (NYSE:DIN) to Outperform, raising the price target to $47. The upgrade is driven by a $100 million+ accelerated share repurchase plan and strong free cash flow projections. DIN shares rose 13.1% to $35.32.
The upgrade to Outperform and increased price target by a reputable analyst is likely to boost investor confidence. The planned share repurchase and strong cash flow projections are positive indicators for future stock performance. The immediate 13.1% rise in share price reflects market optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100