Stephens raised the firm’s price target on Wingstop (WING) to $400 from $385 and keeps an Overweight rating on the shares. The firm adjusted targets in the restaurant group as part of a Q2 earnings preview. Sentiment regarding restaurants is more optimistic exiting Q2 compared to the beginning of the quarter, the analyst tells investors in a research note. Stephens says Wingstop is positioned to report upside to estimates.
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