Evercore ISI lowered the firm’s price target on Wendy’s (WEN) to $19 from $20 and keeps an In Line rating on the shares. The firm is slightly lowering its Q4 U.S. same-store sales growth forecast from 4% to 2% and continues to wait on the sidelines until there is more clarity about potential platform launches and marketing initiatives in 2025, noting that the company’s investor day meeting is being hosted on March 6.
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