Analysts Are Bullish on Top Services Stocks: Wendy’s (WEN), Cardtronics (CATM)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Wendy’s (NASDAQ:WEN) and Cardtronics (NASDAQ:CATM) with bullish sentiments.

Wendy’s (WEN)

In a report issued on August 16, Jake Bartlett from SunTrust Robinson reiterated a Buy rating on Wendy’s, with a price target of $22. The company’s shares closed yesterday at $18.42, close to its 52-week high of $18.62.

According to TipRanks.com, Bartlett is a 5-star analyst with an average return of 15.2% and a 71.0% success rate. Bartlett covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Jack In The Box Inc.

Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $21, implying a 14.0% upside from current levels. In a report issued on August 9, Wedbush also maintained a Buy rating on the stock with a $20 price target.

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Cardtronics (CATM)

In a report released yesterday, Andrew Jeffrey from SunTrust Robinson reiterated a Buy rating on Cardtronics, with a price target of $45. The company’s shares closed yesterday at $37.17, close to its 52-week high of $37.48.

According to TipRanks.com, Jeffrey is a 5-star analyst with an average return of 15.8% and a 76.4% success rate. Jeffrey covers the Technology sector, focusing on stocks such as Global Payments Inc, Paypal Holdings, and First Data Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cardtronics with a $45 average price target.

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