- BMO Capital analyst Andrew Strelzik downgraded Wendy's Co WEN to Market Perform from Outperform with a reduced price target of $22, down from $28, implying a 5.31% upside.
- The analyst believes the company is less well-positioned to handle a tighter U.S. consumer spending environment than its peers against rising pressures on discretionary spending.
- Thus, Strelzik sees greater risk to sales and margin expectations.
- Price Action: WEN shares are trading lower by 1.72% at $20.53 in premarket on Monday's last check.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
