Jefferies analyst Alexander Slagle raised his price target for Buffalo Wild Wings to $160 saying "hopes for a transformation" will likely keep the stock "elevated." The analyst, however, still believes Marcato's proposal to broaden the company's refranchising initiative "appears unrealistic to execute." Restaurant operators are likely to feel anxious about the potential for uncertainty around broader changes, which could present additional risk to same-store-sales and margins over the near-term, Slagle tells investors in a research note. He keeps a Hold rating on Buffalo Wild Wings.