BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Wendy’s (WEN) to $15 from $17 and keeps a Market Perform rating on the shares. The company’s Q1 EPS met expectations as softer comps were offset by favorable G&A/other income, though Wendy’s largely lowered FY25 guidance below consensus while reiterating its unit growth, implying modest comp declines, the analyst tells investors in a research note. Despite potential pockets of momentum around product launches, the company’s comps/market share are expected to be challenged in current environment, BMO added.
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