Goldman Sachs Initiates Coverage On Wendy's with Sell Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on Wendy's with a Sell rating and set a price target of $16.

June 13, 2024 | 11:12 am
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Goldman Sachs has initiated coverage on Wendy's with a Sell rating and set a price target of $16.
The Sell rating and lower price target from a major financial institution like Goldman Sachs is likely to negatively impact Wendy's stock price in the short term as investors may react to the bearish outlook.
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IMPORTANCE 80
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