Buckingham Research Initiates Wendy's With Buy, Shares Gain

Analysts at Buckingham Research initiated coverage on Wendy's Company (The)

with a Buy rating. The target price for Wendy's is set to $11. Wendy's shares have gained 19.09% over the past 52 weeks, while the S&P 500 index has surged 15.91% in the same period. Wendy's shares surged 1.42% to $8.22 in pre-market trading.