Downgrade Sends Wendy's Stock to 52-Week Lows

Wendy's Co (NASDAQ:WEN) stock hit a 17-month low this morning, after a downgrade from J.P. Morgan Securities to "neutral" from "overweight," with a price-target cut to $19 from $22. The firm noted a rise in promotional activities at restaurants, saying it could hamper the stock in the coming year.  Last week's fourth-quarter results miss and disappointing annual forecast still appears to be on analysts' minds, as no fewer than nine have slashed their price objectives since then, including two just yesterday ...