Stephens & Co. Reiterates Overweight on Wendy's, Maintains $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long has reiterated an Overweight rating on Wendy's (NASDAQ:WEN) and maintained a $22 price target.
February 15, 2024 | 2:47 pm
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Stephens & Co. analyst Joshua Long reaffirmed an Overweight rating on Wendy's, with a $22 price target.
The reiteration of an Overweight rating and maintenance of a $22 price target by a reputable analyst suggests a positive outlook for Wendy's stock. This endorsement could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100