Oppenheimer upgrades Wendy's to outperform, says stock can rise more than 20%

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Jesse Pound@/in/jesse-pound@jesserpound
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The Wendy's Co. logo is seen on a cup displayed for a photograph at a restaurant location in Daly City, California.
David Paul Morris | Bloomberg | Getty Images

Wendy's is entering a growth period that should change the narrative around its stock, according to investment firm Oppenheimer.