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Fly News Breaks for August 2, 2019
WING
Aug 2, 2019 | 07:46 EDT
Cowen analyst Andrew Charles recommended investors buy the dip in Wingstop following its Q2 results. The analyst noted the company had a massive comps beat, despite missing on an earnings beat. He believes better than expected comps, a growing domestic development pipeline, and the ultimate refranchising of the underperforming KC market should help future earnings beats. Charles reiterated his Outperform rating and raised his price target to $104 from $102 on Wingstop shares.
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