Baird raised the firm’s price target on Wingstop to $340 from $320 and keeps an Outperform rating on the shares. The firm said they remain very confident in the near- and long-term fundamental outlook following impressive Q4 results and are raising 2024-2025 EPS estimates, and believe these updated assumptions continue to have an upward bias.
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Read More on WING:
- WING Earnings: Wingstop Ticks Lower despite Robust Q4 Performance
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- Wingstop price target raised to $330 from $280 at UBS