Stephens analyst Jim Salera lowered the firm’s price target on Wendy’s (WEN) to $13 from $14 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the restaurant group as part of a Q2 earnings preview. Sentiment regarding restaurants is more optimistic exiting Q2 compared to the beginning of the quarter, the analyst tells investors in a research note
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEN: