** Shares of burger chain Wendy's WEN.O up 1.2% at $12.70 premarket
** Brokerage J.P. Morgan upgrades rating on stock to "overweight" from "neutral"; sees "significant upside" to equity value
** Wendy’s is far from the biggest, but after 50 years of brand presence, can at least claim its own identity within the national QSR burger space - brokerage
** Expects mid-to-high single-digit free cash flow yields in FY26 to FY28 as store economics stabilize and start to improve
** Brokerage cuts PT to $15 from $17
** Average rating of 29 analysts is "hold"; with a median PT of $14 - data compiled by LSEG
** Up to last close, stock has fallen ~23% YTD
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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