Fly News Breaks for December 9, 2019
Dec 9, 2019 | 16:42 EDT
RBC Capital analyst Christopher Carril initiated coverage of Wendy's with a Sector Perform rating and $22 price target. The analyst believes the shares are fairly valued given the current risk-reward, but noted that there is potential for significant upside or downside depending on the results of the company's breakfast launch and its efforts to expand abroad.
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