Learn more

Goldman Sachs analyst Christine Cho upgraded Wingstop Inc. (NASDAQ:WING) to Buy from Neutral, lowering the price forecast to $377 from $458. According to the analyst, Wingstop’s new multi-year partnership with the NBA, making it the Official Chicken Partner of the NBA and NBA G League, serves as a clear catalyst to boost brand awareness and drive further growth. Despite strong fundamentals, including best-in-class returns and growth, the stock has fallen 25% over the past month (while the S&P rose 3%). According to Cho, this decline follows a cost-driven miss in the third quarter and concerns …