Fly News Breaks for December 13, 2019
Dec 13, 2019 | 06:37 EDT
Longbow analyst Alton Stump's conversations with U.S. Wendy's franchisees indicates the company's domestic franchised same-store sales were up 3.0%-3.5% to date in Q4. This tracks in line with the analyst's 3.5% estimate and consensus at up 3.1% for the full current quarter. Stump believes 3.0%-plus same-store sales growth from Wendy's in Q4 would be viewed positively by investors. The analyst maintains a Buy rating on the shares with a $25 price target.
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