RBC: Dunkin' Donuts' 'dramatic reduction in menu items' will make it a lot more profitable (DNKN)

Shares of Dunkin' Brands, the parent company behind Dunkin' Donuts and Baskin-Robbins Ice Cream are higher by almost 2% on Monday after receiving an upgrade from RBC Capital Markets.
RBC analyst David Palmer upgraded shares to "Outperform" from a "Sector Perform" and raised his price target on the stock from $54 to $64, implying an upside of 12.5%.
"We believe the company is taking steps to improve franchisee profitability and core customer satisfaction," Palmer wrote.