Wedbush analyst Nick Setyan raised the firm’s price target on Wingstop to $220 from $200 and keeps an Outperform rating on the shares. The firm said Wingstop remains “uniquely positioned” within the industry to deliver transaction growth outperformance over the near-, medium-, and longer-term in any macro backdrop. Wedbush expects SSS growth outperformance, combined with management’s success in mitigation historical wing cost volatility, to result in accelerated unit development by franchisees.
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Read More on WING:
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