00:00 Brooke DiPalma
Welcome back to Yahoo Finance. I’m Brooke DiPalma. We’re live with the Nasdaq here in Times Square. Let’s turn now to some of today’s top analyst calls on Wall Street. We’re looking at taking a closer look at Wendy’s, Carmax and Uranium Energy.
00:13 Brooke DiPalma
Wendy’s seeing some downward pressure after an analyst from North Coast downgraded the fast food chain to sell from neutral. He said it needs new leadership and marketing strategies.
00:22 Brooke DiPalma
Now, since mid- July, Wendy’s CFO Ken Cook has been serving as the interim CEO. The analyst went on to say that it continues to see pressure in its breakfast day part, lack of marketing strategy, and if with no improvement in same store sales growth next year, US stores could be at risk of being closed.
00:40 Brooke DiPalma
Next up, we have Carmax. That stock is tanking today. It’s down more than 23%. The auto retailer posted second quarter results that missed Wall Street’s expectations.
00:50 Brooke DiPalma
across the board. And now that analyst over at Wedbush, well, they downgraded the stock to neutral from outperform. The analyst there said that the results may have amplified investor concerns around its ability to maintain market leadership and drive growth.
01:03 Brooke DiPalma
And last up, we’re taking a closer look at Uranium Energy, under pressure after BMO downgraded the stock to market perform. The stock has had quite the run though since early June. It’s up up rough it’s up about 140%. And the analyst there said the stock is now fairly priced versus its peers, but does have a number of near-term catalysts, including potentially positive US policy developments.
01:28 Brooke DiPalma
And that’s today’s top calls. Keep it right here on Yahoo Finance. We’ll be tracking all the latest market moves throughout today’s trading session.
