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WEN

Wendy's

$12.94

-0.05 (-0.38%)

18:17
11/28/16
11/28
18:17
11/28/16
18:17

Wendy's downgraded to Neutral from Buy at Goldman

Goldman Sachs analyst Karen Holthouse downgraded Wendy's to Neutral citing valuation with the stock up 23% over the past month. The analyst views the current risk/reward as balanced and keeps a $12.50 price target for the shares.

WEN Wendy's
$12.94

-0.05 (-0.38%)

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.
11/25/16
ARGS
11/25/16
UPGRADE
Target $15
ARGS
Buy
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.

TODAY'S FREE FLY STORIES

AAPL

Apple

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FB

Facebook

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AAPL

Apple

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GOOG

Alphabet

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-24.94 (-2.62%)

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Alphabet Class A

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APO

Apollo Global

$25.90

-0.33 (-1.26%)

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QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

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LNEGY

Linde

$19.25

0.08 (0.42%)

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HCHC

HC2 Holdings

$5.82

0.03 (0.52%)

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MRK

Merck

$65.54

-0.38 (-0.58%)

18:38
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Merck's cholesterol drug anacetrapib could serve as catalyst, Barron's reports »

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TROX

Tronox

$13.52

-0.25 (-1.82%)

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ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

, CST

CST Brands

$48.53

-0.01 (-0.02%)

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$49.16

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CST

CST Brands

$48.53

-0.01 (-0.02%)

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MSLI

Merus Labs

$1.23

-0.0015 (-0.12%)

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EIGI

Endurance

$8.20

-0.15 (-1.80%)

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HII

Huntington Ingalls

$186.97

0.68 (0.37%)

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IP

International Paper

$56.18

-0.55 (-0.97%)

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HUSA

Houston American Energy

$0.67

0.0385 (6.10%)

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KBH

KB Home

$22.82

0.04 (0.18%)

, RYI

Ryerson

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$22.82

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RYI

Ryerson

$9.00

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AVAV

AeroVironment

$32.49

1.52 (4.91%)

CAMP

CalAmp

$19.25

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GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

WLL

Whiting Petroleum

$5.48

0.04 (0.74%)

OAS

Oasis Petroleum

$7.93

0.21 (2.72%)

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CHKE

Cherokee

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KBH

KB Home

$22.82

0.04 (0.18%)

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  • 27

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KBH

KB Home

$22.82

0.04 (0.18%)

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17:15
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CHKE

Cherokee

17:13
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  • 17

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BEP

Brookfield Renewable

$33.03

0.1 (0.30%)

, BAM

Brookfield

$39.47

0.33 (0.84%)

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Syndicate
Brookfield Renewable files to sell 8.3M L.P. units on bought deal basis »

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Brookfield Renewable

$33.03

0.1 (0.30%)

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Brookfield

$39.47

0.33 (0.84%)

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UTX

United Technologies

$121.59

-0.28 (-0.23%)

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