Stephens & Co. Maintains Overweight on Wendy's, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long has maintained an Overweight rating on Wendy's (NASDAQ:WEN) but lowered the price target from $27 to $22.
November 03, 2023 | 3:36 pm
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Wendy's price target has been lowered from $27 to $22 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. could potentially lead to a negative sentiment among investors, which may put downward pressure on Wendy's stock price in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential upside in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100