Dine Brands price target lowered to $27 from $37 at Truist

Truist analyst Jake Bartlett lowered the firm’s price target on Dine Brands (DIN) to $27 from $37 and keeps a Hold rating on the shares after its Q4 earnings miss and below-consensus guidance. Both Applebee’s and IHOP continued to struggle to find effective value messages and introduce compelling innovation, and while the management plans to drive sales in ’25 are comprehensive, the firm is concerned they may not be aggressive enough to drive upside to modest guidance, the analyst tells investors in a research note. FY25 development still suggests a contraction in new units, with only slight expansion seen in FY26, the firm adds.