UBS lowered the firm’s price target on Wendy’s (WEN) to $9.50 from $11 and keeps a Neutral rating on the shares. Wendy’s Q3 results and commentary highlighted pressured U.S. same-store sales amid macro and competitive headwinds, while focus was on turnaround plans, including U.S. restaurant closures, the analyst tells investors in a research note. The firm expects results will remain challenged in Q4, but thinks traction against sales initiatives and the implementation of Project Fresh should generate sales improvement through 2026.
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 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
- Wendy’s Earnings Call: Balancing Growth and Challenges