Citigroup Maintains Neutral Rating for Wendy's: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Wendy's (NASDAQ:WEN) but lowered its price target from $23.00 to $20.00. Wendy's shares are currently trading at $19.30, up 0.99% over the last 24 hours. A move to $20.00 would represent a 3.63% increase from the current share price.
October 19, 2023 | 5:00 pm
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Citigroup has maintained its Neutral rating for Wendy's but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowered price target by Citigroup could potentially lead to a negative sentiment among investors, impacting the stock's performance. However, the maintained Neutral rating indicates that the stock is not expected to significantly outperform or underperform the market in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100