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Wendy's get first downgrade after meme rally

Jun. 08, 2021 7:01 PM ETThe Wendy's Company (WEN) StockWENBy: Joshua Fineman, SA News Editor16 Comments

Wendy"s Hamburgers
RiverNorthPhotography/iStock Unreleased via Getty Images

  • Wendy's (NASDAQ:WEN) was downgraded to hold from buy at Stifel after today's 26% gain surpassed Stifel's $25 price target. Wendy's gained 4.4% in after hours trading.
  • "Although we remain constructive toward the company's fundamental outlook, we believe

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