BMO Capital Maintains Market Perform on Wendy's, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained a Market Perform rating on Wendy's (NASDAQ:WEN) and increased the price target from $20 to $22.
May 03, 2024 | 3:36 pm
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BMO Capital maintains a Market Perform rating on Wendy's and raises the price target from $20 to $22.
The increase in price target by BMO Capital suggests a positive outlook on Wendy's financial performance and stock potential. This adjustment reflects an analyst's confidence in the company's future prospects, likely leading to increased investor interest and potentially a short-term uptick in the stock price.
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