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Fly News Breaks for January 19, 2017
PNRA, WING
Jan 19, 2017 | 07:14 EDT
Wells Fargo named Wingstop (WING) and Panera (PNRA) as its top picks for 2017. The firm thinks that Wingstop will gain market share after it launches national TV ads early this year and is upbeat about its 90+% free cash flow conversion ratio. Wells also believes that the company could announce a second special dividend. The firm expects Panera's multiple to rise this year, driven by 10% or greater earnings growth and accelerating market share gains.
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