Denny’s price target lowered to $6.25 from $7 at Citi

Citi lowered the firm’s price target on Denny’s (DENN) to $6.25 from $7 and keeps a Buy rating on the shares. The firm says expectations are “rightfully low” heading into the company’s Q1 results amid soft sales trends, significant egg inflation and ongoing store closures. However, Citi still sees Denny’s risk/reward as favorable at these levels.