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Investing.com - Evercore ISI has reiterated its In Line rating and $14.00 price target on Wendy’s (NASDAQ:WEN) stock, maintaining its neutral stance on the fast-food chain. The stock currently trades at $10.05, significantly below its 52-week high of $20.60, with a P/E ratio of 10.58. According to InvestingPro analysis, Wendy’s currently appears undervalued.
The research firm noted that in the current fast food environment, companies need "outstanding" execution across marketing, value offerings, and innovation to succeed.
Evercore ISI believes Wendy’s has the capability to achieve a turnaround by focusing on these elements, along with appropriate franchisee attention to service and technology investments.
The firm pointed out that Wendy’s system balance sheet has weakened in recent years, with company debt leverage reaching 4.8 times the midpoint of 2025 estimated EBITDA guidance.
Analysts at Evercore ISI stated they look forward to learning more about Wendy’s evolving strategy and understanding what investments are included in the company’s updated guidance.
In other recent news, Wendy’s has announced several developments that may interest investors. The company is set to open 190 new restaurants in Italy and Armenia as part of its global expansion strategy. This includes a deal with Your Food S.R.L to develop 170 restaurants in Italy by 2035 and a separate partnership with Wen Restaurant LLC for 20 locations in Armenia by 2030. Meanwhile, Wendy’s has appointed Pete Suerken as the new President of its U.S. operations, effective immediately, following his role as President and CEO of Wendy’s Quality Supply Chain Co-op.
On the financial front, several analyst firms have adjusted their price targets for Wendy’s stock. UBS lowered its target to $11, citing sales pressures and a challenging macro environment. Loop Capital also reduced its target to $16, following reports of a decline in U.S. same-store sales. Truist Securities lowered their target to $14, anticipating a significant miss in second-quarter U.S. same-store sales due to underwhelming menu innovations. These adjustments reflect the current challenges Wendy’s is facing in the market.
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