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Fly News Breaks for November 19, 2015
WEN
Nov 19, 2015 | 06:12 EDT
Goldman analyst Karen Holthouse upgraded Wendy's (WEN) to Buy from Neutral and added shares to the Conviction Buy List. Holthouse said Wendy's sounded very positive on recent 4 for $4 promotion and checks are are also encouraging, debunking concerns that McDonalds (MCD) resurgence would result in share lose. The analyst believes Wendy's leads other QSR competitors in mobile technology and that the market under appreciates out-year free-cash-flow potential.
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