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WEN

Wendy's

$21.10

1.1 (5.50%)

10:46
10/11/19
10/11
10:46
10/11/19
10:46

Wendy's discusses relaunch of breakfast menu

In its Investor Day presentation slides, Wendy's noted that it previously struggled with breakfast, and said it has transformed its operating model and approach to breakfast. It noted that in the past, there were 45 unique breakfast SKUs, and that breakfast required $10K in equipment. However, using the new model, there are only 18 unique breakfast SKUs, and no equipment costs. Additionally, where in the past breakfast was fragmented and advertised at a local level, it will now have "full national media power."

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    Nov

WEN Wendy's
$21.10

1.1 (5.50%)

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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ARWR

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SXT

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T

AT&T

$37.82

0.03 (0.08%)

18:31
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HBO Max to stream Studio Ghibli films, Reuters says »

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OMAB

OMA

$52.10

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MAR

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SPY

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GM

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$36.20

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T

AT&T

$37.82

0.03 (0.08%)

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Periodicals
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WAL

Western Alliance

$46.24

0.53 (1.16%)

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RNLSY

Renault

$0.00

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LOVE

Lovesac

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  • 17

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T

AT&T

$37.82

0.03 (0.08%)

17:24
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ATVI

Activision Blizzard

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:11
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  • 18

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:10
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Hot Stocks
Brandywine Realty reports Q3 same-store net operating income up 0.6% »

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:09
10/17/19
10/17
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Earnings
Brandywine Realty sees FY20 initial FFO $1.41-$1.51, consensus $1.46 »

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
10/17/19
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Earnings
Gildan Activewear cuts FY19 adj. EPS view to $1.65-$1.70 from $1.95-$2.00 »

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
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17:07
Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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  • 18

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty reports Q3 FFO 36c, consensus 36c »

Reports Q3 revenue…

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