Wingstop downgraded to Outperform from Strong Buy at Raymond James

Raymond James downgraded Wingstop (WING) to Outperform from Strong Buy with an unchanged price target of $325. The shares were also downgraded this morning at TD Cowen. Raymond James has a cautious view of Wingstop’s near-term sales trends. The trends could result in “disappointing” 2026 comp guidance and pose some near-term risk to the stock, the analyst tells investors in a research note. However, the firm remains “optimistic” that Wingstop’s comps can turn positive through the second half of the year.