TD Cowen lowered the firm’s price target on Wendy’s (WEN) to $9 from $11 and keeps a Hold rating on the shares. The firm said while Wendy’s 3Q sales were not as challenged as feared, they balance Wendy’s rightful prioritization on collaborations, chicken and specialty beverages with a challenged industry backdrop observed across peers.
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Read More on WEN:
- Wendy’s price target lowered to $11 from $12 at BMO Capital
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- Wendy’s price target lowered to $9 from $9.50 at Citi
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