BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Wendy’s (WEN) to $11 from $12 and keeps a Market Perform rating on the shares. The company’s Q3 EBITDA beat consensus, driven by favorable comps, G&A, and other income, though the management’s reiterated 2025 guidance is implying Q4 below consensus and decelerating U.S. comps, the analyst tells investors in a research note. Wendy’s also announced Project Fresh strategy, which prioritizes AUV – Average Unit Volume – growth over store growth, including expected mid-single-digit U.S. store closure, the firm added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEN:
- Wendy’s price target lowered to $9.50 from $11 at UBS
- Wendy’s price target lowered to $9 from $10 at BofA
- Wendy’s price target lowered to $9 from $9.50 at Citi
- Wendy’s Faces Ongoing Challenges Amidst Strategic Unit Closures and Margin Pressures, Analyst Recommends Sell
- Wendy’s Hold Rating Amid Industry Challenges and Strategic Shifts