Wedbush Maintains Outperform on Wendy's, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has maintained an 'Outperform' rating on Wendy's (NASDAQ:WEN) but lowered the price target from $26.5 to $24.
October 18, 2023 | 10:57 am
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Wedbush has maintained an 'Outperform' rating on Wendy's but lowered the price target from $26.5 to $24.
The news is directly related to Wendy's. While the 'Outperform' rating is positive, the lowering of the price target might have a neutral impact on the stock as it indicates a lower future valuation. The impact is important for investors as it provides an updated outlook on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100