Wedbush downgraded Wendys Co (NYSE: WEN) from Outperform to Neutral on Wednesday, lowering the fast-food chain's 12-month price target from $13 to $12.
Wendys was trading lower by 0.87 percent at $11.37 in Thursday’s pre-market session.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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Here is what analysts Nick Setyan and Colin Radke had to say:
- “We no longer see any fundamental catalysts to drive upside.”
- Wendys will now pay $110 million (3.9 percent blended fixed interest rate) in annual interest.
- Lowering 2015 EPS from $0.36 to $0.33.
- “We believe valuation may be capped pending further visibility into resumption in EBITDA growth in 2017 and beyond.”
Wendys share price has been steadily rising, up nearly 32 percent in the past six months and up 27 percent year-to-date.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.