Wendy’s Upgraded on New Products & Media Strategy and 2 More Heavily Traded Stocks to Follow
The Wendy’s Co. (NASDAQ:WEN): Current price $8.56
Analyst Christopher O’Cull at KeyBanc Capital Markets upgraded Wendy’s from Underweight to Hold on Friday, saying in a client note that the restaurant operator’s new products and media strategy are achieving the desired results. O’Cull observed that when Wendy’s Co. debuted the pretzel bacon cheeseburger during the summer, it indicated that the chain has found a method in which to boost sales by creating new products that address consumers’ expectations and use the optimal media approach.
General Electric Co. (NYSE:GE): Current price $23.76
General Electric’s board has declared a 19-cents per share dividend on its outstanding common stock, payable on October 25, with a record date of September 23 and an ex-dividend date of September 19. Shares are down modestly in heavy volume.
Cole Real Estate Investments, Inc. (NYSE:COLE): Current price $11.96
The market leading net lease real estate investment trust announced that it has been chosen for inclusion in the FTSE NAREIT United States Real Estate Index Series, together with the FTSE EPRA/NAREIT Global Real Estate Index Series. Cole’s inclusion in the following indices should be effective following the market close on September 20: FTSE NAREIT Composite Index, FTSE NAREIT All Equity REITs Index, FTSE NAREIT Equity REITs Index, and FTSE EPRA/NAREIT Global Developed Index.