Wendy’s price target lowered to $20 from $25 at Argus

Argus lowered the firm’s price target on Wendy’s (WEN) to $20 from $25 after its Q4 results and below-consensus FY25 outlook but keeps a Buy rating on the shares. The firm expects Wendy’s to benefit from unit expansion, international growth, and investments in its digital business while also noting that its focus on breakfast menus should boost same-store sales, the analyst tells investors in a research note. Wendy’s shares look “undervalued” at 12.5-times the firm’s revised 2025 EPS estimate, which is below the average for peer restaurant chains, Argus adds.