BMO Lowers Wendy’s Price Target Citing Execution Risk in Turnaround Plan
BMO Capital Markets reduced its 12-month price target on Wendy’s (WEN) to $9.00 from $11.00 and kept a Market Perform rating, pointing to significant execution risk around the company’s Project Fresh turnaround amid a challenging operating backdrop. Wendy’s recent results showed a slight EBITDA beat for Q4 2025 but continued pressure on comparable …