Wingstop upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler upgraded Wingstop (WING) to Overweight from Neutral with a price target of $190, down from $283. Following a period of notable underperformance the risk-reward on the stock has become quite attractive at current levels, the analyst tells investors in a research note, stating that investors should take advantage of the decline in the stock price.