NEW YORK (TheStreet) -- Shares of Wendy's Co (WEN) were lower by 1.13% to $11.34 in early market trading Thursday after analysts at Wedbush downgraded the company to "neutral" from "outperform" this morning.
The firm also cut its price target to $12 from its prior $13, citing a lack of fundamental catalysts to drive shares higher.
Still, Wedbush analysts view the fast food chain's full year 2015 guidance as "realistic."
Dublin, Ohio-based Wendy's is a quick-service restaurant company in the hamburger sandwich segment.
Wendy's is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food.
As of December 29, 2013, the Wendy's restaurant system consisted of roughly 6,557 restaurants.
Separately, TheStreet Ratings team rates WENDY'S CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WENDY'S CO (WEN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: