Wendy's Is Undervalued Compared To Peers, Analyst Says While Flagging Some Concerns
Portfolio Pulse from Lekha Gupta
Argus Research analyst John Staszak upgraded Wendy's Co (NASDAQ:WEN) to Buy from Hold with a price target of $26. He is bullish on the company's store expansion, international growth, digital business investment, and breakfast service focus. However, he also sees competitive pressure, commodity inflation, and higher labor and utility costs as concerns.
May 19, 2023 | 5:55 pm
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Wendy's upgraded to Buy from Hold by Argus Research analyst, with a price target of $26. The analyst is bullish on store expansion, international growth, digital business investment, and breakfast service focus, but notes concerns about competitive pressure, commodity inflation, and higher labor and utility costs.
The upgrade to Buy from Hold by Argus Research analyst John Staszak is a positive signal for Wendy's stock. The bullish stance on store expansion, international growth, digital business investment, and breakfast service focus indicates potential for growth and increased revenues. However, concerns about competitive pressure, commodity inflation, and higher labor and utility costs may limit the stock's upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100