Applebee’s parent Dine Brands price target raised to $92.50 from $85 at Raymond James

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Dine Brands profit up 9.5%, backs guidance

Dine Brands Global Inc. DIN on Wednesday reported a 9.5% rise in first quarter profit, and backed its full-year guidance. The Glendale, California-based franchiser of Applebee’s and IHOP restaurants earned a quarterly profit of $17.1 million, or 92 cents a share, compared with $15.6 million, or 86 cents a share, for the same period last year.

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