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Denny's has been able to bring back round-the-clock service despite labor issues, Truist says

·1 min read
Denny's has been able to bring back round-the-clock service despite labor issues, Truist says
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Denny's Corp. was upgraded to buy from hold at Truist Securities, with analysts growing more upbeat as the restaurant chain restores 24/7 dining service and growing strength in key markets, California, Texas and Florida. Truist raised its price target to $18 from $17. "As of 10/18, we found that 24-hour operations are offered at 52% of Denny's stores on Saturdays, up from 44% at the end of 2Q21, and the percent open midnight or later increased to 78% from 68%," analysts said. "While still far fr