Wendy’s price target raised to $21 from $20 at Wedbush

Wedbush raised the firm’s price target on Wendy’s to $21 from $20 and keeps a Neutral rating on the shares. Wendy’s reported Q1 EPS above expectations, and the firm continues to view the reiterated top line guidance and AEBITDA guidance as realistic, the analyst tells investors in a research note.