Barclays Maintains Overweight on Wendy's, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on Wendy's (NASDAQ:WEN) but has lowered the price target from $26 to $23.
October 23, 2023 | 3:02 pm
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Barclays has maintained an Overweight rating on Wendy's but lowered the price target from $26 to $23.
The news is directly related to Wendy's and is important for investors as it provides an updated price target from a major financial institution. However, the impact on the stock price is neutral in the short term as the Overweight rating is maintained, indicating that Barclays still sees the stock as a good investment, despite the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100