Reported about 16 hours ago
JPMorgan upgraded Wendy's stock to 'overweight' following a lackluster earnings report, but reduced its price target due to concerns about the fast-food industry. Both Wendy's and McDonald's reported disappointing sales, with Wendy's expecting potential sales declines ahead. Analysts remain cautious about the overall market, noting a 2% drop in fast-food traffic, impacting investor confidence.
Source: YAHOO