Dunkin Brands is one of the "strongest" acquisition targets: analyst
Dunkin' Brands holds the title as 2018's unofficial first subject of a go-private rumor.
According to Benzinga, Germany's JAB Holding, a private investment firm that has been active in buying American coffee companies and restaurants, is looking to continue the trend in 2018. JAB's partner and chairman Bart Becth told a German newspaper it is looking to raise money from investors to fund further acquisitions. Although Dunkin Brands wasn't mentioned in the report, Wall Street speculates that the company is a potential acquisition target.
Maxim Group's Stephen Anderson maintains a Buy rating on Dunkin Brands with a price target boosted from $64 to $71.