Wendy’s price target lowered to $11 from $13 at Barclays

Barclays lowered the firm’s price target on Wendy’s (WEN) to $11 from $13 and keeps an Equal Weight rating on the shares following the Q2 report. The firm expects the company’s headwinds to persist through the second half of 2025 with July having slowed from Q2 levels and compares in Q4 being the toughest of the year by far. Wendy’s new strategy is unproven and franchisees are seemingly concerned of a slowdown in profitability, the analyst tells investors in a research note.