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Evercore ISI upgrades Wendy's to outperform, says stock can rise 18%

An employee wearing a protective mask and gloves hands an order to a customer at a Wendys Co. restaurant in Richmond, California, U.S., on Wednesday, May 6, 2020.
David Paul Morris | Bloomberg | Getty Images

Wendy's is poised to grow its footprint in the coming years, and that should result in happier franchisees and shareholders, according to investment firm Evercore ISI.

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