Wendy's (WEN) News Today

The Wendy’s Company (WEN) shares are trading lower today, pressured by several analyst price‐target cuts and signs of softer morning traffic, despite a fresh buy rating from Truist and a remodeled store reopening. Key developments:

• Positive Sentiment: A new “buy” rating and $13.00 price target from Truist Financial points to roughly 26% upside based on current levels
• Positive Sentiment: Grand reopening of a remodeled Hyattsville, MD restaurant highlights continued investment in customer experience Grand reopening at Wendy’s in Hyattsville following remodel
• Neutral Sentiment: Reported short interest for August showed virtually no change, maintaining a 0.0-day ratio on average volume
• Negative Sentiment: JPMorgan Chase lowered its price target from $15.00 to $13.00, even while keeping an “overweight” rating
• Negative Sentiment: Stephens reduced its target from $13.00 to $11.00 and moved to an “equal weight” stance
• Negative Sentiment: TD Cowen trimmed its price target to $11.00, reflecting increased caution on growth prospects
• Negative Sentiment: Both Wendy’s and McDonald’s cited declines in breakfast visits as consumers cut back amid tougher economic conditions McDonald’s Can’t Even Sell Breakfast (Something’s Very Wrong)
• Negative Sentiment: A fryer fire at the Mount Pleasant, SC location may lead to temporary downtime and elevated safety scrutiny Crews extinguish fryer fire at Mount Pleasant Wendy’s
• Negative Sentiment: An attempted robbery and assault at the Millersville, MD restaurant raises concerns over in-store safety and potential liability Police investigating attempted robbery at Millersville Wendy’s after man was assaulted while eating with wife