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WEN

Wendy's

$12.76

0.06 (0.47%)

08:50
11/25/16
11/25
08:50
11/25/16
08:50

Wendy's upgraded to Buy from Hold at Argus

Argus analyst John Staszak upgraded Wendy's to Buy with a $15 price target saying the company has revitalized its brand over the last three years by selling more than 800 company-owned restaurants. The sale of these restaurants has boasted free cash flow as franchisees are responsible for most capital expenditures and sale proceeds are providing capital for share buybacks and dividend increases, the analyst wrote. Staszak said by year end, franchisees will own 95% of all Wendy's restaurants and only 5% will be company-owned. The company and franchisees have remodeled 30% of restaurants, which are generating significantly greater revenue than older locations, Staszak said.

WEN Wendy's
$12.76

0.06 (0.47%)

08/11/16
RHCO
08/11/16
NO CHANGE
RHCO
Wendy's should resume market share gains in 2H16, says SunTrust
SunTrust analyst Jake Bartlett says that Wendy's can improve its execution in 2H16, enabling it to gain market share. The analyst continues to believe that the company is well-positioned, and keeps a $13 price target and Buy rating on the shares.
08/11/16
GSCO
08/11/16
DOWNGRADE
Target $11
GSCO
Buy
Wendy's downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Karen Holthouse removed Wendy's from the Conviction Buy List given execution risk and the potential for additional FY16 comp guidance reductions. The analyst maintains her Buy rating given a compelling longer-term cash flow story, upside to property revenues, and the potential for further G&A cuts. Holthouse reduced Wendy's price target to $11 from $12.50.
08/11/16
08/11/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wendy's (WEN) downgraded to Buy from Conviction Buy at Goldman with analyst Karen Holthouse citing execution risk and the potential for additional fiscal 2016 same-store sales guidance reductions. 2. Bristol-Myers (BMY) downgraded to Hold from Buy at Berenberg. 3. Public Storage (PSA) downgraded to Neutral from Buy at BofA/Merrill with analyst Jeffery Spector citing valuation and increasing concessions in weaker markets. 4. Lam Research (LRCX) downgraded to Neutral from Buy at Nomura with analyst Romit Shah citing the extended timeline for its merger with KLA-Tencor (KLAC) after the Department of Justice requested more information. 5. Quorum Health (QHC) downgraded to Sell from Neutral at UBS with analyst A.J. Rice saying the company's earnings power is "much less than thought" after its second quarter results missed expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/10/16
RHCO
11/10/16
NO CHANGE
RHCO
Wendy's gaining significant market share, says SunTrust
After Wendy's reported higher than expected Q3 EPS and same-store sales, SunTrust analyst Jake Bartlett says that the company "is taking significant market share" due to its traffic gains. The analyst keeps a $13 price target and a Buy rating on the shares.

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