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Fly News Breaks for August 16, 2018
WEN
Aug 16, 2018 | 14:36 EDT
Argus analyst John Staszak raised his price target for Wendy's to $21 from $19 following a "solid" quarter. The analyst believes the company has revitalized its brand over the last three years by selling more than 800 company-owned restaurants, and notes that it is also working to strengthen its brand through new product launches and stepped-up marketing. Staszak reiterates a Buy rating on the shares.
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