Jefferies Downgrades Wingstop (WING) to Underperform, 'Upside to Near-term Momentum Appears Fully-Baked'

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Go back to Jefferies Downgrades Wingstop (WING) to Underperform, 'Upside to Near-term Momentum Appears Fully-Baked'

Wingstop (WING) valuation seems to 'reflect an overly optimistic view' of near-term momentum - Jefferies

March 27, 2023 8:08 AM EDT

Wingstop (NASDAQ: WING) was downgraded to Underperform from Hold with a $160 price target by Jefferies analyst Andy Barish on Monday, as he believes the "upside to near-term momentum appears fully baked."

The valuations "seem to reflect an overly optimistic view" of near-term same-store sales (SSS) momentum, the analyst said in a research note.... More