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WEN

Wendy's

$19.50

-0.34 (-1.71%)

08:33
08/13/19
08/13
08:33
08/13/19
08:33

Wendy's initiated with a Neutral at MKM Partners

As previously reported, MKM Partners analyst Bretty Levy initiated Wendy's with a Neutral rating and a price target of $20. The analyst notes that the stock offers a "solid story" of top-line growth with the combination of accelerating unit expansion, store upgrades and sales efforts around new digital and delivery capabilities. Levy is concerned however that numerous peers offer their customers and investors "many of the same options", potentially leaving Wendy's "lost in a sea of sameness."

  • 14

    Aug

  • 13

    Nov

WEN Wendy's
$19.50

-0.34 (-1.71%)

06/25/19
FBCO
06/25/19
INITIATION
Target $20
FBCO
Neutral
Wendy's initiated with a Neutral on limited visibility at Credit Suisse
As previously reported, Credit Suisse analyst Lauren Silberman initiated Wendy's with a Neutral and $20 price target, with shares trading near peak and limited visibility into a meaningful inflection in top-line trends. Following the company's transformation over the last several years, its business model reflects an improved and more consistent free cash profile, she contends. But the story shifts to execution, and the analyst is cautious on a meaningful acceleration in same-store sales and unit growth from recent levels.
07/29/19
GSCO
07/29/19
INITIATION
Target $17.5
GSCO
Sell
Wendy's initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Katherine Fogertey started Wendy's with a Sell rating and $17.50 price target. The analyst sees competitive pressures from McDonald's and Chick-fil-A and a lagging position on digital and delivery. Fogertey initiated coverage of the Restaurants sector, which she believes is benefiting from "very strong" low end consumer spending, refranchising, digital engagement that is enabling profits, and delivery that is driving higher checks and traffic.
07/29/19
07/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Domino's Pizza (DPZ) initiated with a Sell at Deutsche Bank and a Neutral at Goldman Sachs. 2. Oaktree Specialty Lending (OCSL) initiated with a Neutral at Janney Montgomery Scott. 3. Chipotle (CMG) initiated with a Conviction Buy at Goldman Sachs, while McDonald's (MCD), Starbucks (SBUX), and Shake Shack (SHAK) were initiated with a Buy, Restaurant Brands (QSR) and Yum! Brands (YUM) were initiated with a Neutral, and Wendy's (WEN) and Jack in the Box (JACK) were initiated with a Sell. 4. PepsiCo (PEP) and Coca-Cola (KO) initiated with an Overweight at Atlantic Equities. 5. Dell Technologies (DELL) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/12/19
MKMP
08/12/19
INITIATION
Target $20
MKMP
Buy
Wendy's initiated with a Buy at MKM Partners
MKM Partners analyst Brett Levy started Wendy's with a Buy rating and $20 price target.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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BOOM

DMC Global

$42.78

1.375 (3.32%)

10:17
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Conference/Events
DMC Global management to meet with Sidoti »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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Technical Analysis
NYSE market internals summary »

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AFL

Aflac

$49.57

-2.29 (-4.42%)

10:15
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Options
AFLAC put volume heavy and directionally bearish »

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10:15
08/21/19
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General news
Breaking General news story  »

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HSGX

Histogenics

$0.22

0.0005 (0.23%)

10:14
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08/21
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10:14
Hot Stocks
Histogenics merger partner Ocugen granted FDA orphan designation »

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CYCN

Cyclerion Therapeutics

$9.59

0.8 (9.10%)

10:12
08/21/19
08/21
10:12
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10:12
Upgrade
Cyclerion Therapeutics rating change  »

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AFL

Aflac

$49.65

-2.21 (-4.26%)

10:11
08/21/19
08/21
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Recommendations
Aflac analyst commentary  »

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CLFD

Clearfield

$10.98

(0.00%)

, WSG

Wanda Sports

$4.12

0.22 (5.64%)

10:10
08/21/19
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Initiation
Fly Intel: Top five analyst initiations »

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CLFD

Clearfield

$10.98

(0.00%)

WSG

Wanda Sports

$4.12

0.22 (5.64%)

INMB

INmune Bio

$6.30

0.46 (7.88%)

CLGX

CoreLogic

$47.28

0.49 (1.05%)

HUBB

Hubbell

$127.70

(0.00%)

03/08/13
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  • 27

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CREE

Cree

$52.88

-5.31 (-9.13%)

, HA

Hawaiian Holdings

$23.94

-1.5 (-5.90%)

10:10
08/21/19
08/21
10:10
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10:10
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

CREE

Cree

$52.88

-5.31 (-9.13%)

HA

Hawaiian Holdings

$23.94

-1.5 (-5.90%)

CIM

Chimera

$19.52

-0.17 (-0.86%)

SYBX

Synlogic

$3.25

-0.22 (-6.34%)

JAZZ

Jazz Pharmaceuticals

$134.12

-2.42 (-1.77%)

03/08/13
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  • 04

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  • 30

    Oct

NOW

ServiceNow

$263.94

8.44 (3.30%)

, EEX

Emerald Expositions Events

$9.73

0.24 (2.53%)

10:10
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Upgrade
Fly Intel: Top five analyst upgrades »

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NOW

ServiceNow

$263.94

8.44 (3.30%)

EEX

Emerald Expositions Events

$9.73

0.24 (2.53%)

PSA

Public Storage

$261.11

0.66 (0.25%)

LSI

Life Storage

$104.00

0.68 (0.66%)

ONDK

On Deck Capital

$3.26

0.025 (0.77%)

RDFN

Redfin

$18.28

0.83 (4.76%)

RMAX

RE/MAX Holdings

$27.38

0.71 (2.66%)

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  • 28

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  • 27

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  • 13

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  • 16

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10:10
08/21/19
08/21
10:10
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General news
FX Action: The dollar »

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General news
U.S. July existing home sales rebounded 2.5% to 5.420 M »

U.S. July existing home…

PFE

Pfizer

$34.96

0.34 (0.98%)

10:03
08/21/19
08/21
10:03
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10:03
Hot Stocks
Pfizer announces additional half billion dollar investment for Sanford facility »

Pfizer announced an…

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  • 28

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LKSD

LSC Communications

$1.34

0.01 (0.75%)

10:03
08/21/19
08/21
10:03
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10:03
Hot Stocks
UBM acquires commingle operations from LSC Communications for $11.25M in cash »

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10:02
08/21/19
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General news
Existing Home Sales data reported »

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HURN

Huron

$60.80

(0.00%)

10:02
08/21/19
08/21
10:02
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10:02
Conference/Events
Huron management to meet with SunTrust »

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  • 27

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HURN

Huron

$60.80

(0.00%)

10:01
08/21/19
08/21
10:01
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10:01
Conference/Events
Huron management to meet with William Blair »

Meeting to be held in…

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  • 27

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  • 10

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  • 17

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SPY

SPDR S&P 500 ETF Trust

$292.80

2.77 (0.96%)

, SPX

S&P 500

$0.00

(0.00%)

10:01
08/21/19
08/21
10:01
08/21/19
10:01
General news
Trump tweets about German bonds, asks 'Where is the Federal Reserve?' »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$292.80

2.77 (0.96%)

SPX

S&P 500

$0.00

(0.00%)

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LOW

Lowe's

$107.98

9.94 (10.14%)

10:00
08/21/19
08/21
10:00
08/21/19
10:00
Hot Stocks
Lowe's says seeing increased Pro customer service scores »

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  • 21

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TSLA

Tesla

$222.22

-3.48 (-1.54%)

10:00
08/21/19
08/21
10:00
08/21/19
10:00
Options
Tesla bear spends $318K on Oct downside »

Tesla bear spends $318K…

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  • 09

    Sep

  • 23

    Sep

09:57
08/21/19
08/21
09:57
08/21/19
09:57
Conference/Events
The Food & Drug Law Institute to hold a webinar »

Anthony Anscombe, Partner…

GLD

SPDR Gold Shares

$141.65

-0.56 (-0.39%)

09:56
08/21/19
08/21
09:56
08/21/19
09:56
Options
Upside call Seller in SPDR Gold Trust »

Upside call Seller in…

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03/06/13
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TGT

Target

$99.51

13.935 (16.28%)

, LOW

Lowe's

$109.03

10.985 (11.20%)

09:55
08/21/19
08/21
09:55
08/21/19
09:55
Options
Early notable gainers among liquid option names on August 21st »

Notable gainers among…

TGT

Target

$99.51

13.935 (16.28%)

LOW

Lowe's

$109.03

10.985 (11.20%)

BBBY

Bed Bath & Beyond

$8.06

0.32 (4.13%)

URBN

Urban Outfitters

$21.97

1.04 (4.97%)

PCG

PG&E

$11.67

0.04 (0.34%)

03/08/13
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  • 21

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GNTX

Gentex

$26.73

0.26 (0.98%)

09:55
08/21/19
08/21
09:55
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09:55
Conference/Events
Gentex to hold analyst and investor day »

Analyst and Investor Day…

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