Wingstop price target raised to $200 from $173 at Stephens

Stephens analyst Joshua Long raised the firm’s price target on Wingstop to $200 from $173 and keeps an Overweight rating on the shares following the company’s better-than-expected Q4 report. The firm believes material chicken wing deflation adds support to near-term franchisee profitability, while also providing the brand strategic flexibility compared to peers.