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WEN

Wendy's

$12.57

-0.31 (-2.41%)

06:27
12/01/16
12/01
06:27
12/01/16
06:27

Wendy's downgraded to Neutral from Buy at Guggenheim

Guggenheim analyst Matthew DiFrisco downgraded Wendy's to Neutral citing limited upside to current valuation, increased potential macro headwinds from rising gasoline prices, and the impact from higher interest rates on franchise investment near-term. DiFrisco continues to view franchisee adoption of Image Activation falling short of management's 60% target as the greatest risk to valuation.

WEN Wendy's
$12.57

-0.31 (-2.41%)

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.
11/28/16
GSCO
11/28/16
DOWNGRADE
GSCO
Neutral
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.
11/29/16
11/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
On The Fly: Top five analyst downgrades: 1. Wendy's (WEN) downgraded to Neutral from Buy at Goldman with analyst Karen Holthouse citing valuation with the stock up 23% over the past month. 2. SAIC (SAIC) downgraded to Neutral from Buy at Citi with analyst Jonathan Raviv citing the recent rally in the shares and some overhang from the pending contract transition. 3. BioMarin (BMRN), Johnson & Johnson (JNJ), and Vertex (VRTX) were downgraded to Equal Weight from Overweight at Barclays. 4. Nivalis Therapeutics (NVLS) downgraded to Market Perform Raymond James, to Hold from Buy at Stifel, to Market Perform from Outperform at Cowen, and to Neutral from Outperform at Baird. 5. U.S. Steel (X) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

WAB

Wabtec

$84.38

2.19 (2.66%)

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CONN

Conn's

$14.80

0.3 (2.07%)

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SITE

SiteOne Landscape

$48.20

-0.4 (-0.82%)

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1.48 (1.30%)

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PPG

PPG

$110.82

2.81 (2.60%)

, AKZOY

AkzoNobel

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PPG

PPG

$110.82

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AKZOY

AkzoNobel

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SBGI

Sinclair Broadcast

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Tribune Media

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TRCO

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CBS

CBS

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CMCSA

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FB

Facebook

$146.49

1.02 (0.70%)

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AVGO

Broadcom

$223.20

1.96 (0.89%)

, BRCD

Brocade

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AVGO

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FB

Facebook

$146.49

1.02 (0.70%)

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PG

Procter & Gamble

$90.00

0.45 (0.50%)

, PEP

PepsiCo

$114.16

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PG

Procter & Gamble

$90.00

0.45 (0.50%)

PEP

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BA

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UTX

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TMO

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GD

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ANTM

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$172.46

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NOC

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State Street

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APH

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ROK

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BAX

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VZ

Verizon

$46.70

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NTB

Butterfield

$32.19

0.07 (0.22%)

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NBIX

Neurocrine

$53.62

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MNOV

MediciNova

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  • 25

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FOX

21st Century Fox

$29.89

0.14 (0.47%)

, FOXA

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FOX

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$29.89

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FOXA

21st Century Fox

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AMRI

Albany Molecular

$17.54

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, CG

Carlyle Group

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AMRI

Albany Molecular

$17.54

1.63 (10.25%)

CG

Carlyle Group

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PTIE

Pain Therapeutics

$0.80

0.0285 (3.72%)

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PTIE

Pain Therapeutics

$0.80

0.0285 (3.72%)

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PTIE

Pain Therapeutics

$0.80

0.0285 (3.72%)

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PHG

Philips

$34.69

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PBF

PBF Energy

$22.56

0.26 (1.17%)

, WDR

Waddell & Reed

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PBF

PBF Energy

$22.56

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WDR

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$17.92

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SWC

Stillwater Mining

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SBGL

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ARI

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ZLTQ

ZELTIQ

$56.49

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AGN

Allergan

$238.22

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FRO

Frontline

$6.73

0.06 (0.90%)

, DHT

DHT Holdings

$4.67

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FRO

Frontline

$6.73

0.06 (0.90%)

DHT

DHT Holdings

$4.67

0.04 (0.86%)

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