Barclays Maintains Overweight on Wendy's, Lowers Price Target to $26
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on Wendy's (NASDAQ:WEN) but lowered the price target from $27 to $26.
August 10, 2023 | 2:22 pm
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Barclays has maintained an Overweight rating on Wendy's but lowered the price target from $27 to $26.
The news is directly related to Wendy's and is important for investors as it involves a change in price target by a major analyst. However, the impact on the stock price is uncertain as the rating remains Overweight, indicating a positive outlook, but the price target has been lowered.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100