Fly News Breaks for February 25, 2020
Feb 25, 2020 | 08:59 EDT
Northcoast analyst Jim Sanderson initiated coverage of Wendy's with a Buy rating and $29 price target. In a research note to investors, Sanderson says he is optimistic that Wendy's will trend at the higher end of the company's long-term growth goals, and says breakfast expansion, increased digital sales and international unit growth should drive solid sales growth that improves margins and earnings for shareholders and franchisees. Further, he said recent checks suggest that business trends are continuing to exceed expectations.
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