Wingstop price target raised to $310 from $260 at Barclays

Barclays raised the firm’s price target on Wingstop (WING) to $310 from $260 and keeps an Overweight rating on the shares. The company’s Q1 was better on earnings than sales, similar to Q2, though both strong versus the industry, the analyst tells investors in a research note. Looking ahead, the Q2 comp is expected down mid-single-digits, before re-accelerating in the second half, which is a near-term overhang on the shares, contends the firm.