Wedbush Maintains Neutral on Wendy's, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains a Neutral rating on Wendy's (NASDAQ:WEN) and raises the price target from $20 to $21.
May 03, 2024 | 11:53 am
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Wedbush analyst Nick Setyan maintains a Neutral rating on Wendy's but raises the price target from $20 to $21.
The increase in price target from $20 to $21 by Wedbush reflects a positive outlook on Wendy's financial performance and growth prospects. Although the rating remains Neutral, the raised target suggests an expectation of some stock appreciation, potentially influencing investor sentiment and stock price in the short term.
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