Wingstop price target lowered to $242 from $265 at Truist

Truist lowered the firm’s price target on Wingstop (WING) to $242 from $265 and keeps a Hold rating on the shares. Truist Card Data points to 1Q25 misses for its limited-service restaurant coverage, which, combined with an uncertain macro backdrop, create a tough setup into earnings, the analyst tells investors in a research note. Consumers are responding to innovation and promotions, providing a potential offset to macro pressures, Truist argues.