Citi analyst Jon Tower raised the firm’s price target on Wingstop to $440 from $417 and keeps a Neutral rating on the shares ahead of the Q3 report. The firm continues to see “significant white space” to the long-term Wingstop story. However, the firm is unsure how shares could react to a confirmed deceleration in one-year same-store-sales trends, particularly when it expects macro data points will continue to point to growing macro headwinds for the consumer.
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