Truist Securities Downgrades Dine Brands Global to Hold, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Dine Brands Global from Buy to Hold and reduced its price target from $66 to $37.
October 04, 2024 | 11:56 am
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NEGATIVE IMPACT
Truist Securities has downgraded Dine Brands Global from Buy to Hold and significantly lowered its price target from $66 to $37, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target from $66 to $37 by Truist Securities suggests a negative outlook on Dine Brands Global's stock. This is likely to lead to a short-term decrease in the stock price as investors react to the revised expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100