Bernstein lowered the firm’s price target on Wendy’s (WEN) to $15 from $18 and keeps a Market Perform rating on the shares. The firm says Wendy’s Q1 performance was below expectations, confirming its hypothesis that the QSR industry remains under significant pressure.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEN:
- Wendy’s Faces Challenges: Hold Rating Amid Declining Sales and Economic Pressures
- Wendy’s price target lowered to $21 from $26 at Loop Capital
- JPMorgan upgrades Wendy’s on ‘value-oriented opportunity’
- Wendy’s upgraded to Overweight from Neutral at JPMorgan
- Wendy’s price target lowered to $13 from $14 at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue