Morgan Stanley Reiterates Equal-Weight on Wendy's, Maintains $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass has reiterated an Equal-Weight rating on Wendy's (NASDAQ:WEN) and maintained a $25 price target.

July 17, 2023 | 2:56 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Wendy's and maintained a $25 price target.
The news is directly about Wendy's and its stock rating by Morgan Stanley. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in its sector. The maintained price target indicates that the analyst's valuation of the company has not changed. This is likely to have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100