Truist analyst Jake Bartlett lowered the firm’s price target on Wendy’s (WEN) to $17 from $19 and keeps a Buy rating on the shares. Truist Card Data points to 1Q25 misses for its limited-service restaurant coverage, which, combined with an uncertain macro backdrop, create a tough setup into earnings, the analyst tells investors in a research note. Consumers are responding to innovation and promotions, providing a potential offset to macro pressures, Truist argues.
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Read More on WEN:
- Wendy’s price target lowered to $14 from $17 at Barclays
- Wendy’s price target lowered to $13 from $16 at BofA
- Wendy’s dips after Cleveland Research signals caution on slowing growth
- Wendy’s price target lowered to $14 from $16 at Stifel
- Wing and a Prayer? Wells Fargo says Buy This Restaurant Stock after Pullback
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