RBC Capital analyst Christopher Carril raised the firm’s price target on Wingstop to $205 from $180 but keeps a Sector Perform rating on the shares. The company reported another strong quarter and the bear narrative around its tough comparisons for the second half of the year is likely in the rearview, though valuation on the stock appears to be “full at current levels”.
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Read More on WING:
- Wingstop price target raised to $225 from $215 at Baird
- Wingstop Q3 encouraging on increased lower income frequency, says Stephens
- Wingstop price target raised to $220 from $200 at Wedbush
- Wingstop raises FY23 domestic same store sales growth view to 16% from 10%-12%
- Wingstop Inc. Reports Fiscal Third Quarter 2023 Financial Results
