SunTrust analyst Jake Bartlett raised his price target on Wendy's to $26 and kept his Buy rating after its Investor Day presentation outlining its plans to launch breakfast items, grow its digital sales, and accelerate its international development. The analyst notes that while the breakfast entry and international expansion efforts are difficult to implement, the details offered by the management give him greater confidence in Wendy's growth prospects. Bartlett is lowering his FY19 EPS view by 2c to 55c to reflect the investment cost impact of the initiatives, but sees the company's long-term guidance as strong.