Barclays lowered the firm’s price target on Wendy’s (WEN) to $8 from $9 and keeps an Equal Weight rating on the shares. The company’s Q4 was mixed and its comps are still challenged in Q1, the analyst tells investors in a research note.
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Read More on WEN:
- Wendy’s price target lowered to $8 from $9 at BofA
- Wendy’s price target lowered to $8 from $9 at Stifel
- Wendy’s: Weak Traffic, Store Closures, and Margin Pressure Undermine Cheap Valuation, Supporting Neutral/Hold Rating
- Wendy’s price target lowered to $7 from $8 at Morgan Stanley
- Wendy’s: Persistent Share Loss, Underwhelming Recovery Outlook, and Limited Upside Drive Sell Rating
