Wingstop price target raised to $360 from $345 at BMO Capital

BMO Capital raised the firm’s price target on Wingstop to $360 from $345 and keeps a Market Perform rating on the shares. The company’s Q2 earnings beat expectations thanks to meaningful comp upside and stronger unit growth, the analyst tells investors in a research note. BMO adds however that while it remains constructive long term, the stock’s valuation and risk of eventual comp slowdown from elevated levels keep the firm rating at neutral.