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Dine Brands downgraded to Equal Weight from Overweight at Barclays

Dine Brands downgraded to Equal Weight from Overweight at Barclays

Barclays downgraded Dine Brands (DIN) to Equal Weight from Overweight with a price target of $32, down from $43. The firm expects the company to guide comp growth in the very low single-digit range for 2025, saying it is at risk of another negative year, while unit growth is expected to remain flattish. This will supports low-single-digit revenue growth at best, the analyst tells investors in a research note. With large comp headwinds, unit growth lacking, and limited earnings leverage, the shares will continue to underperform in 2025, contends Barclays.

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