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Applebee’s ‘underwhelming’ $9.99 meal deal draws downgrade for Dine Brands - MarketWatch

1. Dine Brands' meal deal failed to boost Applebee’s sales, analyst says. 2. Wedbush analyst downgraded DIN from outperform to neutral, targeting $28. 3. Applebee’s same-store sales expected to drop by 1.5% this quarter. 4. Full-year sales projection for Applebee's revised to a 0.3% increase. 5. Dine Brands shares fell 1.9% in premarket trading amid negative forecasts.

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FAQ

Why Bearish?

The downgrade and reduced sales forecast signal investor concerns. Historical examples include similar downgrades leading to stock price declines.

How important is it?

The article presents significant forecasts and immediate stock price impacts, affecting investors.

Why Short Term?

Immediate reaction due to the analyst's downgrade and poor sales expectations. Earnings reports often influence stock performance quickly.

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