BMO downgrades Wendy's, says rising prices will hurt fast-food chain

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Samantha Subin@samantha_subin
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A "Now hiring" sign is displayed outside of a Wendy's in Miami, Florida, on Oct. 8, 2021.
Joe Raedle | Getty Images

The outlook for Wendy's isn't looking as bright as some of its big-name peers in this environment of rising inflation, BMO Capital Markets said Monday.