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Wingstop (NASDAQ:WING) Rating Increased to Strong-Buy at Raymond James Financial
Raymond James Financial has upgraded Wingstop (NASDAQ:WING) from an “outperform” to a “strong-buy” rating, despite lowering its price target from $325 to $240. This new target still suggests a significant upside of 65.67% from its previous close. Wingstop recently surpassed EPS estimates ($1.00 vs. $0.84) but slightly missed revenue targets, and its stock is currently trading near its 52-week low.