Truist on Wendy's (WEN): 'Sales Drivers in Place for a 2026 Recovery'

Truist Securities analyst Jake Bartlett reiterated a Buy rating and $13.00 price target on Wendy's (NASDAQ: WEN).

The analyst commented: "Sales Drivers in Place for a '26 Recovery; We came away from investor meetings with WEN's CFO and Interim CEO, Ken Cook, CAO, Suzie Thuerk and Head of IR, Aaron Broholm, with greater confidence that the team will drive a long-term SSS recovery. We believe next week's Chicken Tender launch and WEN's solid value positioning could help offset NT macro pressures and year-ago comparisons, but have higher confidence that WEN's larger focus on its core brand equity (quality), efforts to improve operations and greater use of data will drive a return to consistent SSS growth in '26. With a healthy balance sheet and dividend yield of 6.0%, we continue to see significant upside to the shares. Maintain ests. and $13 PT."

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 $9.29 yesterday.

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