Wendy's down after JP Morgan downgrades to 'underweight'

ReutersMay 11, 2026 10:53 AM

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Shares of fast food chain Wendy's WEN.O down about 3% at $7.09 premarket

JP Morgan downgrades to "underweight" from "neutral"; cuts PT to $6 from $7

Brokerage says co’s U.S. same-store sales continue to decline sharply while there is low visibility on management’s targeted 2H26 recovery amid intense value competition

Weaker franchise profitability and lack of permanent leadership to limit reinvestment and strategic flexibility - JP Morgan

3 of 28 brokerages rate the stock "buy" or higher, 19 "hold", 6 "sell"; their median PT is $8 - data compiled by LSEG

As of last close, WEN stock down 12% YTD

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