Denny’s price target lowered to $6 from $7 at Oppenheimer

Oppenheimer analyst Michael Tamas lowered the firm’s price target on Denny’s (DENN) to $6 from $7 and keeps an Outperform rating on the shares. The firm notes management reduced its 2025 EBITDA outlook to the lower end of the existing $80M-$85M range. This is likely to cause a slight reduction in the Street’s $83M estimate as Denny’s believes same-store sales will track towards the “lower half” of its -2% to +1% guidance.