What specifically changed in the Morgan Stanley note for WEN?

Morgan Stanley on February 16, 2026 maintained an **Underweight** rating for WEN and lowered its price target to **$7** from **$8**, signaling reduced near-term valuation expectations.

How should investors interpret a maintained Underweight for WEN?

A maintained Underweight for WEN means Morgan Stanley expects the stock to lag peers or the market. Investors may reduce exposure or wait for confirmatory operational improvements before increasing positions.

Does the Morgan Stanley action change analyst consensus for WEN?

One maintained Underweight with a reduced price target nudges sentiment but does not immediately change consensus; the MarketWatch average target remains about **$8.56** across **28** ratings for now.

How does Meyka AI view this WEN analyst rating update?

Meyka AI notes the change and rates WEN a **B**, combining analyst signals, sector performance, and financial metrics to flag relative strength and risk for investors.

Analyst Ratings

Morgan Stanley Maintains Underweight on The Wendy’s Company (WEN) Feb 2026

ByDanny Kontos February 17, 2026February 17, 2026

Morgan Stanley maintained an Underweight rating on The Wendy’s Company (WEN) and lowered its price target to $7 on February 16, 2026. This WEN analyst rating action signals continued cautiousness from a major bank and changes the near-term price anchor for investors. We review the firm note, the price target move, consensus context, and what this means for holders and potential buyers of WEN stock.