Wendy’s turnaround faces deeper closures as Jefferies cuts forecasts
Jefferies cut its price target for Wendy's (WEN) to $6.50 and lowered earnings forecasts, citing softer QSR trends and higher costs. It expects US same-store sales to fall 6.8% in Q3, EPS of $0.09, and more restaurant closures than previously anticipated. The broker maintains a 'hold' rating but sees potential in new leadership.








