KeyBanc Starts Wendy's (WEN) at Hold; EPS Upside Limited in Early Turnaround Stages
Tweet Send to a FriendGet Alerts WEN Hot Sheet
Price: $6.08 +1.33%
Rating Summary:
2 Buy, 7 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 7 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade WEN Now!
KeyBanc initiates coverage on Wendy's (NASDAQ: WEN) with a Hold.
Analyst, Christopher O'Cull, said, "Starting at HOLD for the following reasons: 1) we believe EBITDA and EPS upside is limited considering Wendy's is in the early stages of a turnaround and fighting an onslaught of competition, while in the midst of a weakening consumer spending environment; 2) Wendy's may need to provide financial assistance to franchisees and/or acquire restaurants from franchisees, potentially complicating the turnaround effort; and 3) much of the cost-cutting has occurred, requiring the focus to be on producing profitable SRS growth."
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 $4.69 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
Analyst, Christopher O'Cull, said, "Starting at HOLD for the following reasons: 1) we believe EBITDA and EPS upside is limited considering Wendy's is in the early stages of a turnaround and fighting an onslaught of competition, while in the midst of a weakening consumer spending environment; 2) Wendy's may need to provide financial assistance to franchisees and/or acquire restaurants from franchisees, potentially complicating the turnaround effort; and 3) much of the cost-cutting has occurred, requiring the focus to be on producing profitable SRS growth."
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 $4.69 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
You May Also Be Interested In
- Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
- Deutsche Bank Starts Kodiak Oil & Gas (KOG) at Hold
- Janney Capital Boosts PT on Gap (GPS) Post Q1
Create E-mail Alert Related Categories
New CoverageRelated Entities
KeyBanc
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
