Bernstein SocGen Lowers Wendy’s Target to $9 After Weak Same‑Store Sales
Bernstein SocGen Group trimmed its price objective on Wendy’s to $9.00 from $10.00 while retaining a Market Perform rating, after the fast-food operator reported steep same-store sales declines in the fourth quarter of fiscal 2025. The company’s shares trade near their 52-week low, and management has guided to flat system-wide sales for fiscal 2026…