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Fly News Breaks for May 13, 2019
WEN
May 13, 2019 | 06:04 EDT
Piper Jaffray analyst Nicole Miller Regan started Wendy's Company with an Overweight rating and $22 price target. The analyst views the shares as a "compelling opportunity" as the company works to leverage its made-fresh value proposition and continues to grow its asset-light base. The unit-level economics of the concept are healthy, Regan tells investors in a research note.
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