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In a report published Wednesday, Deutsche Bank reiterated its Buy rating on Buffalo Wild Wings
BWLD, and raised its price target from $85.00 to $90.00.
Deutsche Bank noted, “While 4Q results were messy and generally disappointing, they were not a disaster considering the difficult set-up (elevated wing costs; very tough 1Q compare). The stock is likely to give back Tuesday's bounce on Wednesday. However, we believe getting past this difficult qtr. may ultimately clear the decks for improved sentiment on the name in coming months, as SSS and wing compares ease significantly from here. Maintain Buy.”
Buffalo Wild Wings closed on Tuesday at $81.07.
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