From Financial Modeling Prep: 2025-05-05 12:49:00

JPMorgan upgrades Wendy’s (NASDAQ:WEN) from Neutral to Overweight with a $15 price target, citing value-driven opportunity, strong free cash flow, and international growth prospects. Analysts project attractive free cash flow yield of 6-7% by 2028, with potential to exceed 8.5% excluding franchise expansion. Stock offers 5% dividend yield and 12% upside.

Firm sees near-term sales expectations as achievable and long-term international market development as upside. Wendy’s capital allocation structure supports robust free cash flow growth through 2028. Stock offers 5% dividend yield and 12% upside to current share price, potential total shareholder return in mid-to-high teens annually.

JPMorgan highlights Wendy’s resilient earnings profile and capital strategy focused on sustaining and enhancing franchised system. Stock offers around 5% dividend yield and 12% upside to current share price, potential total shareholder return in mid-to-high teens annually. Firm sees value-driven opportunity in current valuation and international growth prospects.



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