UBS has announced on Monday that they have taken coverage of
restaurant franchiser, Dunkin Brands Group Inc(
The firm reported that they have initiated coverage of DNKN, and
have given the company a "Buy" rating with a $36 price target. This
price target suggests a 15% increase over the stock's current price
Analysts rating of the company was due to DNKN's competitive
insulation and innovation.
Dunkin Brands shares were mostly flat during premarket trading
Monday. The stock is up 22.06% YTD.
The Bottom Line
Shares of Dunkin Brands Group (
) have a 1.97% dividend yield, based on Friday's closing stock
price of $30.49. The stock has technical support in the 26-$28
price area. If the shares can firm up, we see overhead resistance
around the $33-$34 price levels.
Dunkin Brands Group Inc(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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