Morgan Stanley Maintains Equal-Weight on Wendy's, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass maintains an Equal-Weight rating on Wendy's (NASDAQ:WEN) but lowers the price target from $20 to $19.
July 16, 2024 | 4:33 pm
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Morgan Stanley analyst John Glass has maintained an Equal-Weight rating on Wendy's but has lowered the price target from $20 to $19.
The lowering of the price target from $20 to $19 by a major financial institution like Morgan Stanley is likely to have a negative short-term impact on Wendy's stock price. The Equal-Weight rating suggests a neutral stance, but the reduced price target indicates a less optimistic outlook.
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