Applebee's Parent Dine Brands Falls After Truist Downgrade Tied to Sales Concerns

Key Takeaways Shares of Dine Brands Global, the parent company of Applebee's and IHOP, fell Friday after receiving a downgrade from a Truist equities analyst. The analyst wrote Thursday that his firm's card data showed Applebee's sales struggling more than some of its competitors in recent months. Applebee's stock was downgraded by the firm to "hold" from "buy" and its price target cut nearly in half, to $37 from $66. Dine Brands Global (DIN) stock fell Friday as the owner of Applebee's and IHOP was downgra ...