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WEN

Wendy's

$17.01

-0.06 (-0.35%)

16:14
08/07/18
08/07
16:14
08/07/18
16:14

Wendy's says on track to achieve 2020 goals

The company continues to expect to achieve the following goals by the end of 2020: Global systemwide sales (in constant currency and excluding Venezuela) of ~$12B. Global restaurant count of ~7,250. Global Image Activation of at least 70%. Adjusted EBITDA margin of 37%-39%. Free cash flow of ~$300M (capital expenditures of ~$65M).

  • 08

    Aug

  • 15

    Aug

WEN Wendy's
$17.01

-0.06 (-0.35%)

07/19/18
SPHN
07/19/18
NO CHANGE
SPHN
Overweight
Odds low of Wendy's buying Papa John's, says Stephens
After The Wall Street Journal reported that Papa John's (PZZA) founder and former CEO John Schnatter had begun preliminary merger talks with Wendy's (WEN) before he stepped down as chairman, Stephens analyst Will Slabaugh said he views the likelihood of the burger chain acquiring Papa John's as low. However, the report, if true, confirms that Papa John's is willing to entertain M&A opportunities, said Slabaugh, who continues to view the company as an attractive long-term asset in a quick growing space and keeps an Overweight rating on the stock.
08/02/18
KERI
08/02/18
DOWNGRADE
KERI
Neutral
Wendy's downgraded to Neutral ahead of Q2 report at Kalinowski
Kalinowski Equity Research analyst Mark Kalinowski downgraded Wendy's to Neutral from Buy ahead of the Q2 report on August 7. Kalinowski' checks indicate July same-store-sales are trending below the +1.5% level and were the worst checks since February 2012. As a result, the analyst lowered his Q3 system-wide North American same-store sales forecast to a new consensus low of +1.5 from +2.5%. Kalinowski believes McDonald's (MCD) and Burger King, owned by Restaurant Brands (QSR), could become more "assertive" on promotions and discounting, making it difficult for Wendy's to right the ship.
08/02/18
08/02/18
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. Hanesbrands (HBI) downgraded to Equal Weight from Overweight at Barclays with analyst Chethan Mallela saying he sees a lack of visibility into the second half of the year following the company's Q2 results. 2. Royal Dutch Shell (RDS.A) downgraded to Equal Weight from Overweight at Morgan Stanley. 3. Verisk Analytics (VRSK) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Arash Soleimani citing valuation. 4. People's Utah Bancorp (PUB) downgraded to Market Perform at Raymond James with analyst David Long citing valuation. 5. Wendy's (WEN) downgraded to Neutral ahead of Q2 report at Kalinowski with analyst Mark Kalinowski saying his checks indicate July same-store-sales are trending below the +1.5% level and were the worst checks since February 2012. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/18
08/02/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. OPCO UPGRADES TESLA TO OUTPERFORM: Oppenheimer analyst Colin Rusch upgraded Tesla (TSLA) to Outperform from Perform with a price target of $385 following Wednesday night's Q2 results. Gross margin performance on the Model 3 will carry the stock over the next 12-plus months, Rusch said. With higher volumes and slower spending, Tesla has "reached a critical inflection point in its development," the analyst added. He noted that despite some recent price pressure, Model S and X average selling prices have remained at relatively elevated levels. Rusch said he would not be surprised to see a similar scenario play out for the Model 3. SUNTRUST STARTS MAGNOLIA WITH A BUY: SunTrust analyst Neal Dingmann initiated Magnolia Oil & Gas (MGY) with a Buy rating and a price target of $18. The analyst noted that the company is a "unique E&P" with top-tier assets in the Eagle Ford and low leverage on its balance sheet. Dingmann is also positive on Magnolia's strong free cash flow and experience in transactions management. MORGAN STANLEY SAYS FERRARI SELLOFF A BUYING OPPORTUNITY: Morgan Stanley analyst Adam Jonas upgraded Ferrari (RACE) to Equal Weight from Underweight, stating that the stock's 10% selloff presents an opportunity to increase exposure with the stock now reflecting a more balanced assessment of the risks to the 2022 EUR2B EBITDA target. He raised his price target on Ferrari shares to $120 from $110. BARCLAYS CUTS HANESBRANDS: Barclays analyst Chethan Mallela downgraded Hanesbrands (HBI) to Equal Weight and lowered his price target for the shares to $19 from $22. The analyst sees a lack of visibility into the second half of the year following the company's Q2 results. WENDY'S CUT TO NEUTRAL: Kalinowski Equity Research analyst Mark Kalinowski downgraded Wendy's to Neutral from Buy ahead of the Q2 report on August 7. Kalinowski' checks indicate July same-store sales growth is trending below the 1.5% level and were the worst checks since February 2012. As a result, the analyst lowered his Q3 system-wide North American same-store sales growth forecast to a new consensus low of 1.5 from 2.5%. Kalinowski believes McDonald's (MCD) and Burger King, owned by Restaurant Brands (QSR), could become more "assertive" on promotions and discounting, making it difficult for Wendy's to right the ship.

TODAY'S FREE FLY STORIES

SFS

Smart & Final Stores

$4.96

-0.2 (-3.88%)

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Hot Stocks
Smart & Final Stores reports Q3 gross margin up 8.7% y/y »

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  • 14

    Nov

FIS

FIS

$104.57

-0.26 (-0.25%)

16:25
11/14/18
11/14
16:25
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16:25
Initiation
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  • 03

    Dec

16:25
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11/14
16:25
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16:25
Conference/Events
Federal Reserve Bank of Dallas president participates in a discussion »

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KBH

KB Home

$20.80

-0.135 (-0.64%)

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Conference/Events
KB Home to hold a conference call »

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  • 14

    Nov

YUMA

Yuma Energy

$0.29

-0.0088 (-2.98%)

16:24
11/14/18
11/14
16:24
11/14/18
16:24
Hot Stocks
Yuma Energy retains Seaport Global to explore alternatives, liquidity options »

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FDC

First Data

$17.83

-0.18 (-1.00%)

16:24
11/14/18
11/14
16:24
11/14/18
16:24
Initiation
First Data initiated  »

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  • 12

    Dec

  • 03

    Mar

FISV

Fiserv

$77.75

0.09 (0.12%)

16:24
11/14/18
11/14
16:24
11/14/18
16:24
Initiation
Fiserv initiated  »

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FLT

FleetCor

$190.96

-3.61 (-1.86%)

16:23
11/14/18
11/14
16:23
11/14/18
16:23
Initiation
FleetCor initiated  »

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GPN

Global Payments

$107.30

-1.26 (-1.16%)

16:22
11/14/18
11/14
16:22
11/14/18
16:22
Initiation
Global Payments initiated  »

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  • 12

    Dec

SFS

Smart & Final Stores

$4.96

-0.2 (-3.88%)

16:22
11/14/18
11/14
16:22
11/14/18
16:22
Earnings
Smart & Final Stores raises FY18 adjusted EPS view to 46c-48c from 42c-47c »

FY18 consensus 44c.…

03/08/13
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  • 14

    Nov

GDOT

Green Dot

$80.73

1.57 (1.98%)

16:22
11/14/18
11/14
16:22
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16:22
Initiation
Green Dot initiated  »

Green Dot initiated with…

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  • 14

    Nov

MA

MasterCard

16:22
11/14/18
11/14
16:22
11/14/18
16:22
Initiation
MasterCard initiated  »

MasterCard initiated with…

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03/06/13
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  • 12

    Dec

MGI

MoneyGram

$2.14

-0.09 (-4.04%)

16:21
11/14/18
11/14
16:21
11/14/18
16:21
Initiation
MoneyGram initiated  »

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03/08/13
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CDTI

CDTi

$1.49

-0.03 (-1.97%)

16:21
11/14/18
11/14
16:21
11/14/18
16:21
Earnings
CDTi reports Q3 EPS (37c) vs. (11c) last year »

Reports Q3 revenue…

03/08/13
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PAYX

Paychex

$66.72

-1.03 (-1.52%)

16:21
11/14/18
11/14
16:21
11/14/18
16:21
Initiation
Paychex initiated  »

Paychex initiated with an…

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03/06/13
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03/06/13
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UBER

Uber

$0.00

(0.00%)

16:20
11/14/18
11/14
16:20
11/14/18
16:20
Periodicals
Uber reports nearly $1B loss in Q3, CNBC says »

Uber reported a nearly…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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PYPL

PayPal

$84.05

0.26 (0.31%)

16:20
11/14/18
11/14
16:20
11/14/18
16:20
Initiation
PayPal initiated  »

PayPal initiated with an…

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03/06/13
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  • 14

    Nov

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    Nov

  • 18

    Dec

JPM

JPMorgan

$107.36

-2.23 (-2.03%)

, ORCL

Oracle

$48.84

-0.68 (-1.37%)

16:20
11/14/18
11/14
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16:20
Hot Stocks
Berkshire Hathaway adds to Apple, takes JPMorgan stake in Q3 »

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JPM

JPMorgan

$107.36

-2.23 (-2.03%)

ORCL

Oracle

$48.84

-0.68 (-1.37%)

PNC

PNC Financial

$134.22

-1.495 (-1.10%)

TRV

Travelers

$123.01

-3.82 (-3.01%)

SNY

Sanofi

$45.08

0.18 (0.40%)

WMT

Walmart

$101.58

-1.37 (-1.33%)

AAPL

Apple

$186.81

-5.42 (-2.82%)

BAC

Bank of America

$27.23

-0.53 (-1.91%)

USB

U.S. Bancorp

$54.01

0.32 (0.60%)

GS

Goldman Sachs

$202.43

-2.49 (-1.22%)

DAL

Delta Air Lines

$56.43

-0.38 (-0.67%)

PSX

Phillips 66

$95.59

0.78 (0.82%)

WFC

Wells Fargo

$52.15

-0.59 (-1.12%)

AAL

American Airlines

$38.10

0.32 (0.85%)

CHTR

Charter

$320.65

-4.01 (-1.24%)

UAL

United Continental

$91.79

-0.81 (-0.87%)

KO

Coca-Cola

$49.77

-0.09 (-0.18%)

KHC

Kraft Heinz

$52.63

-0.75 (-1.41%)

03/08/13
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  • 14

    Nov

  • 14

    Nov

  • 15

    Nov

  • 15

    Nov

  • 15

    Nov

  • 15

    Nov

  • 05

    Dec

  • 06

    Dec

  • 16

    Jan

  • 28

    Jan

  • 12

    Feb

  • 26

    Feb

  • 03

    Mar

  • 11

    Mar

  • 22

    Mar

  • 12

    Apr

  • 12

    Apr

  • 28

    Apr

  • 13

    Jul

  • 17

    Jul

  • 12

    Oct

  • 16

    Oct

SQ

Square

$69.85

-1.96 (-2.73%)

16:20
11/14/18
11/14
16:20
11/14/18
16:20
Initiation
Square initiated  »

Square initiated with an…

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03/06/13
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  • 26

    Nov

  • 12

    Dec

  • 18

    Dec

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
11/14/18
11/14
16:20
11/14/18
16:20
Options
Closing CBOE SPX and VIX Index summary for November 14th »

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SFS

Smart & Final Stores

$4.96

-0.2 (-3.88%)

16:20
11/14/18
11/14
16:20
11/14/18
16:20
Hot Stocks
Breaking Hot Stocks news story on Smart & Final Stores »

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03/08/13
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Citigroup
03/06/13
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  • 14

    Nov

TSS

TSYS

$87.77

-2.06 (-2.29%)

16:19
11/14/18
11/14
16:19
11/14/18
16:19
Initiation
TSYS initiated  »

TSYS initiated with an…

03/08/13
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03/08/13
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03/06/13
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NR

Newpark Resources

$7.75

0.12 (1.57%)

16:19
11/14/18
11/14
16:19
11/14/18
16:19
Hot Stocks
Newpark Resources expands securities repurchase program to $100M »

Newpark Resources…

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CDTI

CDTi

$1.49

-0.03 (-1.97%)

16:19
11/14/18
11/14
16:19
11/14/18
16:19
Hot Stocks
CDTi announces plan to delist from Nasdaq, deregister common stock »

CDTi Advanced Materials…

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BPY

Brookfield Property

$18.76

-0.46 (-2.39%)

, FCE.A

Forest City

$25.25

0.11 (0.44%)

16:19
11/14/18
11/14
16:19
11/14/18
16:19
Conference/Events
Forest City to host special shareholder meeting »

Special Shareholder…

BPY

Brookfield Property

$18.76

-0.46 (-2.39%)

FCE.A

Forest City

$25.25

0.11 (0.44%)

03/08/13
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03/06/13
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  • 19

    Nov

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