Wendy's Mixes Weak Sales With A Side Of Resilience: Fast-Food Restaurant Has 'Solid Marketing,' Menu Innovation Plans, Says Analyst

Wendy’s Co WEN shares were rising in early trading on Monday, despite the company announcing on Friday downbeat first-quarter sales.The announcement came amid an exciting earnings season. Here are some key analyst takeaways.Truist Securities On Wendy’sAnalyst Jake Bartlett maintained a Buy rating, while reducing the price target from $17 to$16.Wendy’s reported first-quarter adjusted EBITDA of $124.5 million, beating consensus of$122.1 million, Bartlett said in a note. He added, however, that U.S. same-sto ...