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Wingstop price target raised to $410 from $325 at Guggenheim

Guggenheim analyst Gregory Francfort raised the firm’s price target on Wingstop (WING) to $410 from $325 and keeps a Buy rating on the shares. The firm, which thinks the brand is now likely past trough Q2 comps of down 2% and will face easier comparisons going forward, raised its FY25 and FY26 EPS estimates, driven by better same store sales and margin expectations, including more benign commodity costs.

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