Wendy’s price target raised to $17 from $16 at Barclays

Barclays raised the firm’s price target on Wendy’s (WEN) to $17 from $16 and keeps an Equal Weight rating on the shares following the investor day. The firm is “impressed” by the company’s opportunity to drive U.S. comps, worldwide units and ultimately EBITDA growth. The long-term algorithm looks good, but it is “all about execution,” the analyst tells investors in a research note.