Bank of America has revised its price target for Wendy's (WEN, Financial), lowering it from $16 to $13 while maintaining an Underperform rating on the stock. This adjustment is part of a broader initiative by the firm to refine estimates and price targets for over 20 companies within its restaurant sector coverage.
The revision comes as Bank of America updates its market projections and estimates, aligning them with changes in market multiples ahead of a calendar first-quarter review for the group. This strategic alignment aims to ensure their investment outlook accurately reflects current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for The Wendy's Co (WEN, Financial) is $16.63 with a high estimate of $26.00 and a low estimate of $14.00. The average target implies an upside of 32.16% from the current price of $12.58. More detailed estimate data can be found on the The Wendy's Co (WEN) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, The Wendy's Co's (WEN, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Wendy's Co (WEN, Financial) in one year is $22.65, suggesting a upside of 80.06% from the current price of $12.579. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Wendy's Co (WEN) Summary page.
