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WEN

Wendy's

$15.23

0.08 (0.53%)

08:10
09/15/17
09/15
08:10
09/15/17
08:10

Wendy's upgraded to Buy following solid comp checks at Longbow

As previously reported, Longbow upgraded Wendy's to Buy from Neutral with a $18 price target. Analyst Alton Stump's checks with US franchisees indicate Q3 domestic franchised comps are up in a 3.0-3.5% range to date, above his prior estimate of 2.5%, as well as consensus at up 2.4%. The analyst is confident Wendy's will beat Q3 same-store sales growth estimates and expects the same in Q4. Further, Wendy's could generate over $300M of cumulative free cash flow in the 2017-2019 time frame taht could be sued to purchase as much as 15% of shares by the end of 2019, the analyst wrote in a note to investors.

WEN Wendy's
$15.23

0.08 (0.53%)

09/15/17
LBOW
09/15/17
UPGRADE
LBOW
Buy
Wendy's upgraded to Buy from Neutral at Longbow
09/08/17
BMOC
09/08/17
NO CHANGE
BMOC
Fast food restaurants more insulated from Amazon effects, says BMO Capital
BMO Capital says that fast food companies "are likely more insulated" from Amazon (AMZN) than other types of restaurants "due to their convenience-based usage occasions, low price points, and insulation from deflationary pressures." The firm identifies Wendy's (WEN) and McDonald's (MCD) as its favorite names in the fast food space.
08/21/17
08/21/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top five analyst initiations with this list compiled by The Fly: 1. Sienna Biopharmaceuticals (SNNA) initiated with an Outperform at BMO Capital, an Overweight at JPMorgan and an Outperform at Cowen. 2. Maxim analyst James Jang initiated coverage of the dry bulk shipping sector, starting Seanergy Marine (SHIP), Safe Bulkers (SB), Euroseas (ESEA) and Eagle Bulk Shipping (EGLE) with Buy ratings. 3. Buckingham analyst Matthew Brooklier started coverage of Knight Transportation (KNX), Werner (WERN) and Ryder (R) with Buy ratings and Old Dominion (ODFL) with a Neutral rating. 4. Baker Hughes (BHGE) initiated with a Buy at Argus. 5. Sturm, Ruger (RGR) initiated with a Buy at Aegis. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/17
SPHN
05/11/17
NO CHANGE
Target $18
SPHN
Overweight
Wendy's price target raised to $18 from $16 at Stephens
Stephens analyst Will Slabaugh said he continues to be impressed by the top-line consistency at Wendy's, which he credits to the continued success of its value offerings and marketing. The analyst, who sees the company winning at both the value and premium ends of the menu, raised his price target on Wendy's to $18 from $16 following its Q1 report and keeps an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

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YAHOY

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EPZM

Epizyme

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1.4 (7.84%)

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CSGP

CoStar Group

$280.60

3.97 (1.44%)

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YEXT

Yext

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First Cash Financial

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0.65 (1.08%)

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VNRX

VolitionRx

$2.75

0.07 (2.61%)

04:55
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SRCL

Stericycle

$70.19

-0.81 (-1.14%)

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FIVN

Five9

$22.17

0.31 (1.42%)

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GMS

GMS Inc.

$33.50

-0.38 (-1.12%)

04:55
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  • 20

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HRTG

Heritage Insurance

$11.83

-0.72 (-5.74%)

04:55
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  • 20

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HZNP

Horizon Pharma

$12.10

0.26 (2.20%)

04:55
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Conference/Events
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  • 20

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OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

04:55
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MZDAF

Mazda

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SFS

Smart & Final Stores

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SRCI

SRC Energy

$8.18

0.16 (2.00%)

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AITB

AIT Therapeutics

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ARLP

Alliance Resource Partners

$18.90

-0.05 (-0.26%)

04:55
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EMR

Emerson

$63.21

0.22 (0.35%)

04:55
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  • 20

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SCSC

Scansource

$40.70

-0.05 (-0.12%)

04:55
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BRG

Bluerock Residential

$10.48

0.06 (0.58%)

04:55
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