Citi raised the firm’s price target on Wingstop to $246 from $211 and keeps a Neutral rating on the shares. The firm says that after hosting meetings with Wingstop’s CEO and CFO, “it’s hard to poke holes in the fundamental story still unfolding” at the company. While the stock’s valuation and near-term compares remain hurdles for investors, the long-term story “still has plenty of runway,” the analyst tells investors in a research note.
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