Piper Sandler Maintains Neutral Rating for Wingstop: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Neutral rating for Wingstop (NASDAQ:WING) but raised its price target from $177.00 to $191.00. Wingstop's shares are currently trading at $200.80, which is 2.92% lower than the previous day. A move to the new price target would mean a 4.88% decline from the current share price.
November 06, 2023 | 5:00 pm
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Piper Sandler has maintained its Neutral rating for Wingstop but raised its price target. This could potentially lead to a short-term decrease in the stock price.
The raised price target by Piper Sandler is lower than the current trading price of Wingstop's shares. This suggests that the analyst believes the stock is currently overvalued, which could lead to a short-term decrease in the stock price.
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IMPORTANCE 80
RELEVANCE 100