Jefferies analyst Andy Barish upgraded Wingstop (WING) to Buy from Hold with an unchanged price target of $270. The shares are oversold with a valuation “now overly discounting” Wingstop’s higher unit and EBITDA growth versus peers, the analyst tells investors in a research note. The firm says the company’s same-store-sales moderation is now well understood, and overlooks Wingstop’s underlying traffic and low-teens unit growth. Jefferies thinks visibility into same-store-sales improving and additional drivers in kitchen artificial intelligence sets the company up for potential surprises beyond 2025.
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