- BMO Capital analyst Andrew Strelzik downgraded Wendy's Co WEN to Market Perform from Outperform with a reduced price target of $22, down from $28, implying a 5.31% upside.
- The analyst believes the company is less well-positioned to handle a tighter U.S. consumer spending environment than its peers against rising pressures on discretionary spending.
- Thus, Strelzik sees greater risk to sales and margin expectations.
- Price Action: WEN shares are trading lower by 1.72% at $20.53 in premarket on Monday's last check.
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