Truist Securities Maintains Buy on Wendy's, Lowers Price Target to $26
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Jake Bartlett has maintained a 'Buy' rating on Wendy's (NASDAQ:WEN) but lowered the price target from $29 to $26.

July 18, 2023 | 2:21 pm
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NEUTRAL IMPACT
Wendy's price target has been lowered from $29 to $26 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100