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Longbow Research Reiterates Buy on Wendy's (WEN) After Speaking with Franchisees

October 22, 2018 9:08 AM EDT

Longbow Research analyst, Alton Stump, reiterated a Buy rating and $24.00 price target on Wendy's (NASDAQ: WEN) after speaking with franchisees. Based on the conversations, Stump believes domestic franchised same-store sales were up 2.0-2.5% in 3Q18, which encompasses Longbow Research's domestic franchised comp growth... More