Morgan Stanley lowered the firm’s price target on Wingstop (WING) to $375 from $389 and keeps an Overweight rating on the shares. In the near term, slowing sales will be hard to fight and the firm would “take guidance at face value for now,” the analyst tells investors in a research note. However, the firm doesn’t think “anything’s broken here and the long term value drivers are strong,” the analyst added.
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