NEW YORK (TheStreet) --Shares of Dunkin Brands Group Inc. (DNKN) are higher by 1.16% to $44.56 in pre-market trading on Wednesday, following a ratings upgrade to "overweight" from "equal weight" at Barclays (BCS) .
The firm said it raised its rating on the Dunkin Donuts and Baskin-Robbins franchisor due to the company's compelling long term fundamentals, and an attractive entry point based on Dunkin's current price.
Barclays upped its price target on the stock to $51 from $48.
Must Read: Warren Buffett's 25 Favorite Stocks
Stocks TO Buy: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn More.
Separately, TheStreet Ratings team rates DUNKIN' BRANDS GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DUNKIN' BRANDS GROUP INC (DNKN) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."