Barclays lowered the firm’s price target on Wingstop (WING) to $295 from $330 and keeps an Overweight rating on the shares. The company’s Q3 comp was disappointing, with core consumer headwinds escalating, the analyst tells investors in a research note. The firm believes investor patience is needed.
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Read More on WING:
- Wingstop’s Hold Rating: Balancing Strong Brand with Near-Term Sales Challenges and Strategic Initiatives
- Wingstop’s Strategic Initiatives and Growth Potential Justify Buy Rating
- Wingstop Inc. Reports Strong Q3 Growth and Expansion
- Wingstop Inc. Earnings Call: Growth Amid Challenges
- Wingstop’s Growth Potential: A Buy Rating Backed by Smart Technology and Strategic Initiatives