On Nov 02, major Wall Street analysts update their ratings for $The Wendy's Co (WEN.US)$, with price targets ranging from $19 to $22.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and maintains the target price at $22.
BofA Securities analyst Sara Senatore maintains with a sell rating, and adjusts the target price from $18 to $19.
Evercore analyst David Palmer maintains with a hold rating, and maintains the target price at $20.
BMO Capital analyst Andrew Strelzik maintains with a hold rating, and adjusts the target price from $19 to $20.
Wedbush analyst Nick Setyan maintains with a hold rating, and adjusts the target price from $18 to $20.
Furthermore, according to the comprehensive report, the opinions of $The Wendy's Co (WEN.US)$'s main analysts recently are as follows:
After Wendy's reported Q3 results, it was noted that trends gained momentum in Q4, coinciding with the introduction of a SpongeBob promotion. Nevertheless, there is a perceived risk regarding the outlook for spending amongst lower-income demographics and the increasing competitive focus on value during breakfast hours. These factors could potentially challenge the company's expectations of growth leading up to the first half of 2025.
Here are the latest investment ratings and price targets for $The Wendy's Co (WEN.US)$ from 6 analysts:
Note:
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