anyone with half a brain knows the downgrades from these "sell-side" analyst(s) was total BS.
Number one reason is the company just recently doubled the div payout to a 3% yield. Moreover, those listening to the cc were given a very bullish outlook by management - better than they have been willing to commit to in years. Obviously Wendy's believes business for the chain is looking up. Which all begs the question? Why these downgrades now?