Wedbush Maintains Neutral on Wendy's, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains a Neutral rating on Wendy's (NASDAQ:WEN) and lowers the price target from $20 to $19.
February 16, 2024 | 12:07 pm
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Wedbush analyst Nick Setyan maintains a Neutral rating on Wendy's and lowers the price target from $20 to $19.
The reduction in price target by Wedbush from $20 to $19, while maintaining a Neutral rating, suggests a cautious outlook on Wendy's financial performance or stock valuation. This adjustment could lead to a negative perception among investors, potentially causing a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100