RBC Capital Maintains Sector Perform on Wendy's, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Christopher Carril maintains a Sector Perform rating on Wendy's (NASDAQ:WEN) and lowers the price target from $22 to $20.
February 20, 2024 | 3:47 pm
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RBC Capital maintains a Sector Perform rating on Wendy's and lowers the price target from $22 to $20.
The reduction in price target by RBC Capital from $22 to $20 suggests a bearish outlook on Wendy's stock in the short term. This adjustment reflects the analyst's view on the company's future performance, potentially influencing investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100