UBS lowered the firm’s price target on Wingstop (WING) to $300 from $330 and keeps a Neutral rating on the shares. Wingstop’s Q4 earnings results and call commentary highlighted development strength and operating margin upside, but guidance generally confirmed concerns over decelerating same-store sales trends potentially to heading closer to flat by Q2, the analyst tells investors in a research note. UBS believes underlying traffic momentum can remain solid and store growth a robust double-digits.
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Read More on WING:
- Wingstop price target lowered to $361 from $404 at BofA
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