Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">DineEquity target lowered to $77 at Maxim Group; Visibility reduced amid Applebee's turnaround (52.90)Maxim Group lowers their DIN tgt to $77 from $84 following yesterday's Q4 results and guidance. Firm acknowledges visibility remains limited on a turnaround, but are encouraged to see mgmt take steps to cull under-performing units. Meanwhile, they view the outlook at IHOP as more encouraging. CFO Thomas Emrey announced his resignation, effective immediately, following the departure of CEO Julia Stewart announced on February 17, 2017. Firm sees the potential for enhanced financial disclosure, and believe a split of the Applebee's and IHOP businesses should not be ruled out. They expect a jump in SG&A spending for 2017, but believe a longer-term focus on SG&A reductions will contribute to earnings upside in 2018. Given free cash flow that remains positive in 2017 and is expected to grow in 2018, firm believes mgmt will remain opportunistic with regard to potential share buybacks. <strong>In light of increased expenses for incentive compensation and efforts to stabilize Applebee's, they lower tgt. However, with valuations at cycle lows, firm believes there is upside potential in DIN shares in the next 12 months.</strong></td> </tr></table>"