Wendy’s price target lowered to $20 from $21 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Wendy’s to $20 from $21 and keeps an Equal Weight rating on the shares. The company’s Q4 was below expectations top to bottom and while it saw a tough start to January, trends have improved of late, similar to peers, the analyst tells investors in a research note.