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Wingstop price target raised to $425 from $400 at Stephens

Stephens analyst Jim Salera raised the firm’s price target on Wingstop (WING) to $425 from $400 and keeps an Overweight rating on the shares after Q2 comps came in ahead of Street expectations and Wingstop posted a “record quarter” of development. The firm, which sees a clear path back to positive comps, calls Wingstop “one of the most efficient growth stories in QSR.”

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