Wendy's (WEN +0.4%) introduction of its pretzel cheeseburger may have something to do with...

|About: The Wendy's Company (WEN)|By:, SA News Editor

Wendy's (WEN +0.4%) introduction of its pretzel cheeseburger may have something to do with McDonald's (MCD -2.6%) tepid July outlook, says Janney's Mark Kalinowski who had downgraded the stock ahead of this morning's earnings. The restaurant industry as a whole is facing pressure, says RayJay's Bryan Elliot who recently downgraded a number of names in the sector. A cautious endorsement comes from S&P Capital IQ which reiterates its Buy, but is seeing "increased competition for consumers who are seeking value." Other names today: (JACK -1.2%), (YUM -0.9%).