Wedbush analyst Nick Setyan earlier today downgraded Wendy's to Neutral from Outperform and lowered his price target for the shares to $17.50 from $20. On the flip side, Oppenheimer analyst Brian Bittner this morning upgraded the fast food chain to Outperform from Perform. Channel checks for Q4 suggest a system comp slightly below consensus, Setyan tells investors in a research note. His checks imply Wendy's Q4 same-store-sales grew slightly below the 0.6% consensus for North America. The analyst now believes there is risk to near- and medium-term SSS growth and margin expectations.