One of the newer members of the meme stock movement of 2021— Wendy’s — has more opportunities to sizzle. That’s the good word from Guggenheim analyst Gregory Francfort, who initiated coverage of Wendy’s (WEN) on Tuesday with a Buy rating and $26 price target. At current prices, the analyst is looking for an approximate 20% upside move in shares of the square-shaped burger serving chain. Shares of Wendy’s are up 5% year-to-date, giving back a good portion of the gains that happened in… Source link
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