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Citigroup raises Wendy’s 12-month price target to $8.25

Citigroup logoCitigroup
Sig0.85Sen+1.15Env0.00Soc0.00Gov0.00
Wendy’s logoWendy’s
Sig1.25Sen+1.20Env0.00Soc+1.60Gov0.00

Citigroup lifted Wendy s Company s 12-month price target to $8.25 from $8.00. The note did not disclose analyst timing or any updated earnings or revenue forecasts. Separately, the chain relaunched Boo! No analyst name, timing, or updated forecasts were included, while Boo! Books are $1 coupon books sold in stores, apps, and kiosks, with $0.90 per sale aiding the Dave Thomas Foundation.

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