Denny’s price target lowered to $8.50 from $10 at Wedbush

Wedbush lowered the firm’s price target on Denny’s (DENN) to $8.50 from $10 and keeps an Outperform rating on the shares. The firm says there were no surprises in pre-announced Q4. Choppy quarter-to-date same-store sales growth leads to conservative 2025 guidance. Wedbush expects trends to normalize out of Q1, with second half of the year drivers ahead.