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Fly News Breaks for January 12, 2018
WEN
Jan 12, 2018 | 08:46 EDT
As previously reported, Longbow downgraded Wendy's to Neutral from Buy. Analyst Alton Stump lowered his Q4 franchised comp growth estimate to 1.5% from $2.6% following checks and said he changed his rating to Neutral primary on valuation as shares are near his prior $18 price target.
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