Analysts’ Top Consumer Cyclical Picks: Wendy’s (WEN), Amazon (AMZN)

Analysts fell to the sidelines weighing in on Wendy’s (WEN – Research Report) and Amazon (AMZN – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Wendy’s (WEN)

In a report released today, Brian Harbour from Morgan Stanley maintained a Hold rating on Wendy’s, with a price target of $22.00. The company’s shares closed last Thursday at $19.11.

According to TipRanks.com, Harbour is a 2-star analyst with an average return of -0.5% and a 51.5% success rate. Harbour covers the NA sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Darden Restaurants.

The word on The Street in general, suggests a Hold analyst consensus rating for Wendy’s with a $20.19 average price target, a 0.0% upside from current levels. In a report issued on October 17, Barclays also maintained a Hold rating on the stock with a $18.00 price target.

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Amazon (AMZN)

Wells Fargo analyst Ken Gawrelski maintained a Hold rating on Amazon today and set a price target of $197.00. The company’s shares closed last Thursday at $186.40.

According to TipRanks.com, Gawrelski is a 4-star analyst with an average return of 11.2% and a 64.7% success rate. Gawrelski covers the NA sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Match Group.

Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $232.79.

Read More on WEN:

• Wendy’s price target raised to $19 from $18 at BofA
• Wendy’s Reports Modest Revenue Growth in Q3 2024
• Morning Movers: Roblox surges and Estee Lauder sinks following earnings
• Wendy’s narrows FY24 adjusted EPS view to 99c-$1.01 from 98c-$1.02
• Wendy’s reports Q3 adjusted EPS 27c, consensus 25c