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Fly News Breaks for February 22, 2019
WEN
Feb 22, 2019 | 09:31 EDT
Stephens analyst Will Slabaugh said he was encouraged to see a positive top-line inflection from Wendy's in Q4 and he is optimistic that improved limited-time offerings and messaging can drive a better menu mix in the short-term. The analyst, who continues to view Wendy's shares as undervalued given the company's improving sales trajectory and strong cash flow, keeps an Overweight rating and $20 price target on the stock.
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