TD Cowen raised the firm’s price target on Wingstop to $275 from $260 and keeps an Outperform rating on the shares. The firm said they view the new tech fee as a signal of both Wingstop’s and franchisees’ confidence in the ROI of the tech platform, further enhancing Cowen’s confidence in same store sales in 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WING: