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AFCE Message Board

  • donald_grump donald_grump Jan 7, 2014 9:59 PM Flag

    Wedbush Has A $46 Price Target

    Wedbush just came out with a glowing report.

    Initiating with OUTPERFORM and $46 PT; Enviable
    Franchisee Economics Increasingly Well Understood, but
    Company-Owned Growth Still a Hidden Gem

    - the Donald

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    • Wedbush initiated coverage on AFC Enterprises (NASDAQ: AFCE) with an Outperform rating and price target of $46.00.

      "We believe AFCE's accelerating company unit development renders long-term
      low- to mid-teens top-line and 17-20% EPS growth, above current long-term EPS guidance of 13%-15%, achievable. Combined with recently reset near-term expectations, we believe both estimates and valuation are poised for upward revisions. Therefore, we initiate with an OUTPERFORM rating," said analyst Nick Setyan.