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Fly News Breaks for August 13, 2019
WEN
Aug 13, 2019 | 08:33 EDT
As previously reported, MKM Partners analyst Bretty Levy initiated Wendy's with a Neutral rating and a price target of $20. The analyst notes that the stock offers a "solid story" of top-line growth with the combination of accelerating unit expansion, store upgrades and sales efforts around new digital and delivery capabilities. Levy is concerned however that numerous peers offer their customers and investors "many of the same options", potentially leaving Wendy's "lost in a sea of sameness."
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