Wingstop price target lowered to $255 from $265 at Morgan Stanley

Morgan Stanley analyst Brian Harbour lowered the firm’s price target on Wingstop (WING) to $255 from $265 and keeps an Overweight rating on the shares. A Q1 comp miss was “largely understood,” though the 8.7% decline was lower than anticipated and “historically low,” the analyst tells investors. Plans going forward are clear, but “reasonably face questions about effectiveness,” the analyst added.