Truist upgraded Wingstop (WING) to Buy from Hold with a price target of $400, up from $274. The firm has increased confidence that Wingstop’s same-store-sales will trough in Q1 and accelerate in 2026, with Truist card data pointing to improved trends in May. The analyst also believes Wingstop will sees a potentially significant incremental sales lift with the “Smart Kitchen” rollout. Truist also expects sustained mid-teens new store development to support the stock’s valuation expansion and sees potential upside to Wingstop’s long-term development targets.
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