Wendy’s price target lowered to $17 from $19 at TD Cowen

TD Cowen lowered the firm’s price target on Wendy’s (WEN) to $17 from $19 and keeps a Hold rating on the shares. The firm said its checks suggest fast casual will remain the bright spot of the industry in 2025 and they expect in-line outlooks to maintain a beat and raise rhythm, with medium-term prospects for the group still healthy.