Dine Brands price target raised to $32 from $26 at KeyBanc

KeyBanc raised the firm’s price target on Dine Brands (DIN) to $32 from $26 and keeps an Overweight rating on the shares. Over the past few weeks, the firm interviewed several large, multi-unit restaurant owners, analyzed its proprietary datasets, and caught up with many of the names in its coverage universe. KeyBanc updated its price target and estimates to reflect its learnings.