Analysts Have Conflicting Sentiments on These Services Companies: Wendy’s (WEN) and Booking Holdings Inc (BKNG)


Analysts have been eager to weigh in on the Services sector with new ratings on Wendy’s (WEN) and Booking Holdings Inc (BKNG).

Wendy’s (WEN)

In a report released today, Nick Setyan from Wedbush maintained a Hold rating on Wendy’s, with a price target of $18. The company’s shares opened today at $17.67.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 56.7% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Wendy’s has an analyst consensus of Moderate Buy, with a price target consensus of $18.13, which is a 2.6% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $16 price target.

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Booking Holdings Inc (BKNG)

In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on Booking Holdings Inc, with a price target of $2400. The company’s shares opened today at $1920.38.

Khan noted:

“We expect BKNG to show resiliency in its results/outlook (ex. FX), which should alleviate macro-related concerns on the stock. We expect RNG to be Flat to slightly down Q/Q in 4Q based on our updated tracker, which also reflects recent results/commentary from online travel players (EXPE (Buy), TRVG (Hold), TRIP(Hold)). While our tracker does not indicate meaningful changes in growth trends through early Feb, we expect 1Q19 RNG outlook to be cautious nonetheless, given a softer macro backdrop in Europe/Asia. We expect head winds from FX, Easter-shift to weigh down on 1Q revs/profitability. Expecting strong 4Q. We expect 4Q results to come at/above our expectations for $3,251M in revenue, $19.46 in EPS (non-GAAP) and $1,228M in EBITDA (Consensus is at $3,229M/$19.41/$1,223M).”

According to TipRanks.com, Khan is a 5-star analyst with an average return of 20.6% and a 77.0% success rate. Khan covers the Technology sector, focusing on stocks such as Wix.com Ltd, Yext Inc, and TrueCar.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Booking Holdings Inc with a $2139.09 average price target, implying an 11.4% upside from current levels. In a report released yesterday, Cowen & Co. also reiterated a Buy rating on the stock with a $2300 price target.

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