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WEN

Wendy's

$21.06

1.06 (5.30%)

10:40
10/11/19
10/11
10:40
10/11/19
10:40

Wendy's exploring 'alternative protein' burgers

In its Investor Day presentation slides, Wendy's said it was exploring 'alternative protein' menu items, noting that there was "high consumer appeal for black bean." The company said it was currently testing in market, and it could be launched next year if proven out. The company added that it was also exploring other forms of alternative protein.

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WEN Wendy's
$21.06

1.06 (5.30%)

10/02/19
BMOC
10/02/19
NO CHANGE
Target $24
BMOC
Outperform
Wendy's price target raised to $24 from $21 at BMO Capital
BMO Capital analyst Andrew Strelzik raised his price target on Wendy's to $24 and kept his Outperform rating. The analyst is positive on the company's upcoming rollout of breakfast items, noting that he sees its "attractive" free cash flow potential following the investment in the initiative as "overlooked". Strelzik adds that his expected free cash flow generation estimate of $315M-$335M by FY22 would come 1-2 years earlier than he expected before Wendy's announcement of breakfast rollout.
10/07/19
COWN
10/07/19
DOWNGRADE
COWN
Market Perform
Wendy's downgraded to Market Perform from Outperform at Cowen
Cowen analyst Andrew Charles downgraded Wendy's to Market Perform from Outperform.
10/07/19
COWN
10/07/19
DOWNGRADE
Target $20
COWN
Market Perform
Wendy's downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Andrew Charles downgraded Wendy's to Market Perform from Outperform. The analyst said the company's decision to shift its focus from recovery to breakfast roll-out does not create a long-term competitive advantage as other companies have underperformed at Breakfast. The analyst lowered his price target to $20 from $22 on Wendy's shares.
10/07/19
10/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Entegris (ENTG) downgraded to Hold from Buy at Deutsche Bank with analyst Sidney Ho saying the company's financial performance has done well in 2019 despite the semicap equipment market reeling from a sharp decline in memory spending. 2. Wendy's (WEN) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying the company's decision to shift its focus from recovery to breakfast roll-out does not create a long-term competitive advantage as other companies have underperformed at Breakfast. 3. Carnival (CCL) downgraded to Hold from Buy at HSBC with analyst Ali Naqvi saying he reduced his target multiple for the shares to 10-times from 15-times to reflect Carnival's lower yield growth outlook, weak booking commentary and increasing capacity growth relative to peers. 4. HP Inc. (HPQ) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing its Analyst Day presentation, FY20 guidance, and announced job cuts, noting that the company's most profitable print & imaging business continues to struggle. 5. Ingersoll-Rand (IR) downgraded to Equal Weight from Overweight at Stephens with analyst Rob McCarthy saying he sees incremental concern for growth and sustainability of the HVAC cycle, and lowered his price target on the stock to $122, down from $124. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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Avance Gas

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LPG

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GS

Goldman Sachs

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4.85 (2.43%)

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0.92 (2.24%)

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RHHBY

Roche

$0.00

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INCY

Incyte

$76.14

0.38 (0.50%)

05:16
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MELI

MercadoLibre

$554.23

11.5 (2.12%)

05:11
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PLNT

Planet Fitness

$58.63

0.94 (1.63%)

05:09
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DDOG

Datadog

$35.67

0.08 (0.22%)

05:06
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Initiation
Datadog initiated  »

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LMAT

LeMaitre

$31.29

-0.03 (-0.10%)

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IGMS

IGM Biosciences

$17.53

-0.125 (-0.71%)

05:03
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DDOG

Datadog

$35.67

0.08 (0.22%)

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  • 19

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PING

Ping Identity

$16.47

0.45 (2.81%)

04:58
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  • 19

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NVST

Envista

$27.87

-1.2 (-4.13%)

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MHK

Mohawk

$124.41

0.98 (0.79%)

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  • 25

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KBH

KB Home

$33.92

-0.15 (-0.44%)

04:55
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TTGT

TechTarget

$22.64

0.14 (0.62%)

, SKHCY

Sonic Healthcare

$0.00

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0.14 (0.62%)

SKHCY

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NTAP

NetApp

$51.50

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HPE

HP Enterprise

$14.35

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HLF

Herbalife Nutrition

$39.07

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FORR

Forrester

$32.43

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CSCO

Cisco

$46.52

0.38 (0.82%)

CVLT

Commvault

$45.51

0.695 (1.55%)

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04:55
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Conference/Events
UBS technology analyst to hold an analyst/industry conference call »

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ZLAB

Zai Lab

$32.38

0.01 (0.03%)

04:55
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Zai Lab participates in a conference call with JPMorgan »

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  • 14

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SAN

Banco Santander

$4.10

0.155 (3.93%)

04:55
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Conference/Events
Banco Santander management to meet with JPMorgan »

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04:55
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WORK

Slack Technologies

$25.99

2.215 (9.32%)

04:55
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04:55
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Slack Technologies management to meet with »

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  • 14

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MDLA

Medallia

$29.47

1.365 (4.86%)

04:55
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Conference/Events
Medallia management to meet with Needham »

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CRNCY

Cairn Energy

$0.00

(0.00%)

04:55
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