N@N

Andrew Charles Downgraded (WEN) to Hold and Decreased Target to $20 on, Oct 7th, 2019

Andrew Charles of Cowen & Co., Downgraded "The Wendy's Company" (WEN) to Hold and Decreased Target from $22 to $20 on, Oct 7th, 2019.

Andrew has made no other calls on WEN in the last 4 months.

There are 8 other peers that have a rating on WEN. Out of the 8 peers that are also analyzing WEN, 4 agree with Andrew's Rating of Hold. Following are those relevant analyst calls for the last 4 months

---

• Jon Tower of "Wells Fargo" Maintained at Hold with Increased Target to $20 on, Tuesday, September 10th, 2019
• Brett Levy of "MKM Partners" Initiated at Hold and Held Target at $20 on, Tuesday, August 13th, 2019
• Lauren Silberman of "Credit Suisse" Initiated at Hold and Held Target at $20 on, Tuesday, June 25th, 2019
• David Palmer of "Evercore ISI Group" Initiated at Hold and Held Target at $20 on, Wednesday, June 12th, 2019

These are the ratings of the 4 analyists that currently disagree with Andrew

---

• Andrew Strelzik of "BMO Capital" Maintained at Buy with Increased Target to $24 on, Wednesday, October 2nd, 2019
• Jake Bartlett of "SunTrust Robinson Humphrey" Maintained at Strong Buy with Increased Target to $24 on, Tuesday, September 10th, 2019
• Jared Garber of "Goldman Sachs" Initiated at Strong Sell and Held Target at $18 on, Monday, July 29th, 2019
• John Ivankoe of "JP Morgan" Maintained at Buy with Increased Target to $21 on, Friday, June 28th, 2019

Contributing Sources

---