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WEN

Wendy's

$21.15

1.15 (5.75%)

10:47
10/11/19
10/11
10:47
10/11/19
10:47

Wendy's sees breakfast sales growing to 10% of total day sales

Guidance taken from Wendy's 2019 Investor Day slide presentation.

  • 29

    Oct

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    Nov

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    Nov

WEN Wendy's
$21.15

1.15 (5.75%)

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.

TODAY'S FREE FLY STORIES

MOH

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FBM

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CBSH

Commerce Bancshares

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APDN

Applied DNA Sciences

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GOOG

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JNJ

Johnson & Johnson

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2.17 (1.66%)

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MLND

Millendo Therapeutics

$7.12

0.04 (0.56%)

05:55
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Conference/Events
Millendo Therapeutics management to meet with SVB Leerink »

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  • 16

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UCBJF

UCB

$0.00

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IFNNY

Infineon

$0.00

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C

Citi

$71.25

0.97 (1.38%)

, TATYY

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C

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TATYY

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  • 16

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CBT

Cabot

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0.17 (0.39%)

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  • 05

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AYI

Acuity Brands

$124.81

2.81 (2.30%)

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NOW

ServiceNow

$274.60

5.45 (2.02%)

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  • 23

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ADBE

Adobe

$279.40

1.61 (0.58%)

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FMC

FMC Corporation

$83.06

0.6 (0.73%)

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  • 30

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SUBCY

Subsea 7

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  • 07

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RBS

RBS

$5.82

0.38 (6.99%)

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  • 16

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INOV

Inovalon

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0.2 (1.35%)

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UTX

United Technologies

$136.17

0.26 (0.19%)

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  • 22

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HOLX

Hologic

$49.44

0.94 (1.94%)

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  • 06

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GLPG

Galapagos

$162.62

6.33 (4.05%)

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  • 25

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EPAY

Bottomline Technologies

$40.79

0.34 (0.84%)

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  • 13

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CVLT

Commvault

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  • 29

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AMZN

Amazon.com

$1,768.70

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  • 24

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WATT

Energous

$3.29

0.09 (2.81%)

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