Barclays Maintains Overweight on Wingstop, Lowers Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on Wingstop but lowers the price target from $470 to $380.
October 31, 2024 | 3:53 pm
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Barclays analyst Jeffrey Bernstein maintains an Overweight rating on Wingstop but lowers the price target from $470 to $380.
The lowering of the price target from $470 to $380 by Barclays suggests a less optimistic outlook on Wingstop's future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates that the analyst still sees potential for growth, albeit at a reduced level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100