From Financial Modeling Prep: 2025-05-14 11:58:00

Guggenheim downgraded Wendy’s (NASDAQ:WEN) from Buy to Neutral, citing worries about growth strategy and franchisee dynamics. The firm sees a need for Wendy’s to balance global expansion with improving returns for domestic franchisees. Analysts suggest focusing on same-store sales and franchisee cash-on-cash returns in the U.S. market.

The downgrade reflects concerns about Wendy’s aggressive development agreements and commitment to global unit growth. Guggenheim believes the company should prioritize boosting same-store sales and franchisee returns in the U.S. market. Despite the stock’s attractive valuation, Guggenheim is waiting for concrete changes in strategy before turning bullish again.



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