Wall Street Initiating Coverage On Wingstop, Fitbit

Wall Street analysts initiated coverage on Wingstop Inc WING; Wingstop is a fairly new franchise that operates restaurants who specialized with a unique hand-sauce and tossed chicken wings. The franchisor was introduced to NASDAQ on June 12th; soaring 61 percent on its offering, the stock has gained much popularity. Here is what Wall Street analysts had to add:

Goldman Sachs - Initiated Wingstop with Neutral rating alongside a price target of $22.
Morgan Stanley - Initiated with Overweight rating; $42 price target.
Wells Fargo - Initiated with Market Perform rating; $28-$30 price target range.
Barclays - Initiated with Equal-weight rating; $25 price target.
Jefferies Group - Initiated with Buy rating; $33 price target.
Baird Capital - Initiated with Outperform rating; $35 price target.

Summary: 1 Neutral, 1 Market Perform, 1 Equal-weight, 1 Buy, 1 Overweight, and 1 Outperform rating.

Another notable initiation was for Fitbit Inc FIT:

Baird Capital - Initiated with Outperform rating; $52 price target.