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Fly News Breaks for August 11, 2015
WEN
Aug 11, 2015 | 06:40 EDT
Credit Suisse upgraded Wendy's to Neutral and maintained its $10 price target. The firm upgraded shares based on valuation and said potential upside catalysts are further refranchising announcements, a credible international growth strategy, and further cuts to run-rate G&A or capex spend.
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