In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Wendy’s (WEN – Research Report), with a price target of $29.00. The company’s shares opened today at $21.65.
According to TipRanks, Feinseth is a 5-star analyst with an average return of 12.1% and a 62.93% success rate. Feinseth covers the Technology sector, focusing on stocks such as AT&T, Meta Platforms, and Akamai.
In addition to Tigress Financial, Wendy’s also received a Buy from Truist Financial’s Jake Bartlett in a report issued on January 17. However, on January 18, Morgan Stanley maintained a Hold rating on Wendy’s (NASDAQ: WEN).
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The company has a one-year high of $23.78 and a one-year low of $15.47. Currently, Wendy’s has an average volume of 2.28M.
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The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.
Read More on WEN:
- Wendy’s price target raised to $28 from $27 at Truist
- Wendy’s downgraded to Hold from Buy at Deutsche Bank
- Wendy’s (NASDAQ: WEN) Stock Soared on Improved Q4 Results
- Wendy’s downgraded to In Line at Evercore, prefers share gainers
- Wendy’s: Role of President, U.S., Chief Commercial Officer to be eliminated