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Wendy’s (WEN) Gets a Buy from Wedbush

In a report released today, Nick Setyan from Wedbush reiterated a Buy rating on Wendy’s (WENResearch Report), with a price target of $24.00. The company’s shares closed yesterday at $20.74.

According to TipRanks, Setyan is a 4-star analyst with an average return of 6.7% and a 48.61% success rate. Setyan covers the Services sector, focusing on stocks such as Wendy’s, Wingstop, and Jack In The Box.

Wendy’s has an analyst consensus of Moderate Buy, with a price target consensus of $22.22.

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The company has a one-year high of $24.18 and a one-year low of $15.66. Currently, Wendy’s has an average volume of 2.73M.

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The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.

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