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• DNKN 77% Rate It

The price target for Dunkin Brands Group Inc ( DNKN ) was increased by analysts at Wells Fargo on Monday.

Wells Fargo maintained its "Outperform" rating for DNKN with new price target of $35 to $37, up from $34 to $35. That is a 11% increase from Friday's closing price of $32.33.

The analysts also raised Dunkin Brand's 2013 earnings per share estimates to $1.52 from $1.51.

"We expect DNKN shares to move higher through 2013, driven by multiple expansion due to steadily increasing return on invested capital and what we view as high visibility into continued mid-teens EPS growth in 2013 and 2014," said analyst Jeff Farmer.

Dunkin Brands shares were down 46 cents, or -1.42%, in trading on Monday.

The Bottom Line
Shares of Dunkin Brands ( DNKN ) have a 1.86% dividend yield, based on Friday's closing stock price of $32.33. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

Dunkin Brands Group Inc ( DNKN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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