KeyBanc Downgrades Wendy's (WEN) to Underweight; Pair Trade with JACK
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Get Alerts WEN Hot Sheet
Price: $6.02 --0%
Rating Summary:
1 Buy, 8 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
1 Buy, 8 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade WEN Now!
KeyBanc downgraded Wendy's (NASDAQ: WEN) from Hold to Underweight with a price target of $4.00.
Analyst, Christopher O'Cull, maintains a Buy rating on Jack in the Box (Nasdaq: JACK) and sees the company doubling its operating EPS by FY14. Therefore, he suggests investors use JACK and WEN in a pair trade, Buying up shares of JACK and selling shares of WEN.
O'Cull downgrades Wendy's, citing few catalysts vs. JACK, along with overall deceleration in same-restaurant sales in the industry.
For an analyst ratings summary and ratings history on Wendy's click here. For more ratings news on Wendy's click here.
Shares of Wendy's closed at $4.37 yesterday, with a 52 week range of $4.29-$5.58.
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Analyst, Christopher O'Cull, maintains a Buy rating on Jack in the Box (Nasdaq: JACK) and sees the company doubling its operating EPS by FY14. Therefore, he suggests investors use JACK and WEN in a pair trade, Buying up shares of JACK and selling shares of WEN.
O'Cull downgrades Wendy's, citing few catalysts vs. JACK, along with overall deceleration in same-restaurant sales in the industry.
For an analyst ratings summary and ratings history on Wendy's click here. For more ratings news on Wendy's click here.
Shares of Wendy's closed at $4.37 yesterday, with a 52 week range of $4.29-$5.58.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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