Piper Sandler Maintains Overweight on Wendy's, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brian Mullan maintains an Overweight rating on Wendy's (NASDAQ:WEN) but lowers the price target from $23 to $19.
August 02, 2024 | 2:32 pm
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Piper Sandler analyst Brian Mullan maintains an Overweight rating on Wendy's but lowers the price target from $23 to $19.
The lowered price target from $23 to $19 suggests a less optimistic outlook for Wendy's stock in the short term, despite the maintained Overweight rating. This could lead to a negative short-term impact on the stock price.
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