Barclays Maintains Overweight on Wingstop, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on Wingstop (NASDAQ:WING) but lowered the price target from $240 to $220.
August 04, 2023 | 1:19 pm
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Barclays has maintained an Overweight rating on Wingstop but lowered the price target from $240 to $220.
The news is directly related to Wingstop and is likely to influence investor sentiment. While the Overweight rating indicates a positive outlook, the reduction in price target may cause some uncertainty. However, as the new target is still relatively high, the overall impact is expected to be neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100