Wedbush Reiterates Outperform on Wendy's, Maintains $26.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has reiterated an Outperform rating on Wendy's (NASDAQ:WEN) and maintained a price target of $26.5.
September 12, 2023 | 10:32 am
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Wedbush analyst has reiterated an Outperform rating on Wendy's and maintained a price target of $26.5.
The reiteration of an Outperform rating by a well-known analyst like Nick Setyan is a positive signal for Wendy's. The maintained price target of $26.5 also indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100