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Fly News Breaks for December 28, 2018
WING
Dec 28, 2018 | 07:08 EDT
Wedbush analyst Nick Setyan upgraded Wingstop to Outperform from Neutral. In a research note to investors, Setyan says he continues to believe drivers of SSS growth, unit growth and margin upside relative to current 2019 estimates exist. He also notes that checks of 10% of domestic system locations point to Q4 SSS growth tracking above the 4.9% consensus by greater than 100bps and says SSS growth expectations through 2019 could prove conservative. The analyst slightly lowers his price target to $69 from $71.
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