Wendy's Can Surge Another 9.4%, Vetr Community Estimates

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Shares of Wendys Co WEN have gained more than 5.1 percent since the beginning of the year, and almost 17.5 percent since their February low. However, the crowd seems to believe there is still room for upside left, ahead of next week’s earnings call.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

To better reflect the crowd’s price target of $12.34 per share, which implies an upside potential of more than 9.4 percent from current valuations, top raters at the Vetr community have decided to upgrade their rating on the stock from 4.0 Stars to 4.5 Stars - out of a possible 5.0 Stars rating.

However, only 63 percent of the crowd's ratings are bullish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

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Posted In: UpgradesPrice TargetCrowdsourcingAnalyst RatingsGeneralVetr
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