KeyBanc Starts Wingstop (WING) at Overweight
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
KeyBanc initiated coverage on Wingstop (NASDAQ: WING) with a Overweight rating and a price target of $36. Analyst David Carlson called the company a compelling growth story.
"We believe WING is poised to grow annual revenue in the mid-teens with at least high-teens earnings growth (projecting 19%, on average) over the next several years, driven by mid-teens unit expansion and modest G&A leverage. Our rating is based on our opinion a premium valuation is warranted by the Company’s long-term growth prospects and potential upward bias to near- and intermediate-term SRS and EPS estimates," said Carlson.
Shares of Wingstop closed at $31.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Drexel Hamilton Reiterates Buy on IBM (IBM) Following 4Q Report
- PacWest Bancorp (PACW) PT Raised to $60.50 at FIG Partners Following 4Q Report
- Union Pacific (UNP) PT Raised to $102 at Stifel Following 4Q Report
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Related EntitiesKeyBanc, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!