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Fly News Breaks for December 3, 2019
WING
Dec 3, 2019 | 06:14 EDT
BTIG analyst Peter Saleh upgraded Wingstop to Buy from Neutral with a $92 price target. The analyst is positive on the company's strong concept fundamentals and looks ahead to its inaugural investment day for some "eventful developments" that may include the unveiling of new kitchen equipment that materially reduces chicken wing cook times. Saleh adds that the recent decline in the stock price has made Wingstop more attractive and believes that the company could further boost its sales volume with a digitally enabled pick-up window.
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