UPDATE - Barclays Initiates Coverage on Buffalo Wild Wings (BWLD) at Overweight; Growth Anomaly
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Price: $156.95 --0%
Rating Summary:
7 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UPDATE - Barclays initiates coverage on Buffalo Wild Wings (NASDAQ: BWLD) with an Overweight rating and $70 price target.
Barclays analyst said, "We believe the brand is differentiated in an otherwise crowded bar & grill segment, yet valuation has diverged relative to high-growth peers. We expect low-double-digit unit and low-single-digit-comp growth to support 18%+ long-term EPS growth outlook, with near-term upside / resilience on favorable comps and costs... and an NFL season."
Barclays analyst said, "We believe the brand is differentiated in an otherwise crowded bar & grill segment, yet valuation has diverged relative to high-growth peers. We expect low-double-digit unit and low-single-digit-comp growth to support 18%+ long-term EPS growth outlook, with near-term upside / resilience on favorable comps and costs... and an NFL season."
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