Morgan Stanley raised the firm’s price target on Wingstop to $199 from $185 and keeps an Equal Weight rating on the shares. Higher annual same-store sales guidance calling for another double-digit percentage gain in Q4 is helping build increased confidence that Wingstop can sustain momentum “on top of demanding year-ago laps,” the analyst tells investors in a post-earnings note.
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Read More on WING:
- Wingstop price target raised to $225 from $215 at Baird
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