Dine Brands downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc analyst Christopher Carril downgraded Dine Brands (DIN) to Sector Weight from Overweight without a price target The firm cites its more cautious view on Applebee’s trends for the downgrade. The chain’s trends have softened, due in part to severe weather impact this winter, the analyst tells investors in a research note. KeyBanc also believes competition in the bar and grill category may increase, as brands increasingly focus on value amid a more uncertain macro backdrop.