Guggenheim Downgrades Wendy's (WEN) to Neutral; 'Breakfast Creates Uncertainty'
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Wendy's (WEN) Sinks 8% on Caution About Breakfast
September 10, 2019 9:36 AM EDTWendy's (NASDAQ: WEN) is down 8.3% off the open following several downgrades as Wall Street was cautious on the breakfast launch.
... MoreOppenheimer Reiterates Outperform Rating on Wendy's (WEN)
September 10, 2019 7:41 AM EDTOppenheimer analyst Brian Bittner reiterated an Outperform rating and $24.00 price target on Wendy's (NASDAQ: WEN) following the company's announced plans to re-launch breakfast across the US in 2020. Mgmt will wait to provide the exact strategic and financial details of breakfast at its October 11th... More
Wendy's (WEN) PT Raised to $24 at SunTrust
September 10, 2019 2:24 AM EDTSunTrust analyst Jake Bartlett raised the price target on Wendy's (NASDAQ: WEN) to $24.00 (from $22.00) while maintaining a Buy rating.
The analyst comments "While WEN's past failures to launch breakfast nationally pressured EBITDA and crowded out other opportunities, the prize of... More
Wendy's (WEN) to Launch Breakfast Across U.S. System in 2020
September 9, 2019 4:35 PM EDTThe Wendy's Company (NYSE: WEN) announced today that it plans to launch its breakfast menu, currently available in more than 300 restaurants, across the U.S. system in 2020. The menu features signature items that takes the best of Wendy's, from Applewood smoked bacon to the Frosty®, and creatively delivers them to fans for breakfast. Signature items include the Breakfast Baconator®, Frosty-ccino, and Honey Butter Chicken Biscuit.
"Launching breakfast in our U.S. restaurants nationwide provides incredible growth opportunities," said Todd Penegor, President and CEO of The Wendy's... More
