Stifel analyst Chris O’Cull lowered the firm’s price target on Wendy’s (WEN) to $16 from $17 and keeps a Hold rating on the shares after having updated projections following the company’s Q4 earnings report. The firm lowered its FY25 EPS estimate to $1.01 from $1.03, driven by lower expected comps, higher G&A expense, and higher interest expense assumptions.
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