Wingstop price target raised to $405 from $350 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Wingstop (WING) to $405 from $350 and keeps a Buy rating on the shares. Following the company’s earnings call, the firm said it was “encouraged” with management’s update on key initiatives, adding that it believes visibility to improving comp performance is “relatively high” given the ongoing Smart Kitchen rollout and continued progress on digital initiatives.