Analysts’ Opinions Are Mixed on These Services Stocks: Wendy’s (WEN), Foundation Building Materials Inc (FBM) and Cardinal Health (CAH)


Analysts have been eager to weigh in on the Services sector with new ratings on Wendy’s (WEN), Foundation Building Materials Inc (FBM) and Cardinal Health (CAH).

Wendy’s (WEN)

Barclays analyst Jeff Bernstein maintained a Buy rating on Wendy’s on August 7 and set a price target of $22. The company’s shares closed on Friday at $19.84, close to its 52-week high of $20.30.

According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 9.3% and a 71.9% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Dine Brands Global Inc, and US Food Holdings Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Wendy’s with a $20.39 average price target.

See today’s analyst top recommended stocks >>

Foundation Building Materials Inc (FBM)

In a report issued on August 7, Matthew Bouley from Barclays maintained a Buy rating on Foundation Building Materials Inc, with a price target of $21. The company’s shares closed on Friday at $18.72, close to its 52-week high of $19.74.

According to TipRanks.com, Bouley is a 4-star analyst with an average return of 7.5% and a 56.0% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Cornerstone Building Brands Inc, Continental Building Products, and Advanced Drainage Systems.

Foundation Building Materials Inc has an analyst consensus of Moderate Buy, with a price target consensus of $20, which is a 6.8% upside from current levels. In a report issued on August 6, RBC Capital also maintained a Buy rating on the stock with a $19 price target.

Cardinal Health (CAH)

In a report issued on August 8, Steven Valiquette from Barclays maintained a Hold rating on Cardinal Health, with a price target of $51. The company’s shares closed on Friday at $44.35.

According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 5.1% and a 52.5% success rate. Valiquette covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Molina Healthcare, and Diplomat Pharmacy.

Cardinal Health has an analyst consensus of Hold, with a price target consensus of $50.20, a 13.2% upside from current levels. In a report issued on August 6, Cleveland Research also maintained a Hold rating on the stock.

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