Wendy's (WEN +1.3%) is initiated at Janney as a Buy with a target price of $6.50 after...

|About: The Wendy's Company (WEN)|By:, SA News Editor

Wendy's (WEN +1.3%) is initiated at Janney as a Buy with a target price of $6.50 after yesterday's close, citing rising same-store sales and menu improvements. The firm expects Wendy’s to overtake Burger King for the no. 2 market-share position within the limited-service burger sector, perhaps as soon as this year.