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Fly News Breaks for October 22, 2018
WING
Oct 22, 2018 | 08:18 EDT
As previously reported, Wedbush analyst Nick Setyan downgraded Wingstop to Neutral from Outperform with a $74 price target. The analyst continues to believe drivers of same-store sales growth, unit growth, and margin upside relative to current consensus 2018 and 2019 estimates exist. Nevertheless, Setyan believes Wingstop's current valuation appropriately reflects this potential for upside.
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