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Stock Market & Financial Investment News

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July 5, 2013
10:50 EDTBWLDBuffalo Wild Wings rises following analyst upgrade
Shares of sports bar and casual dining restaurant operator Buffalo Wild Wings (BWLD) are rising following an upgrade of its stock at Wall Street research firm Miller Tabak. WHAT'S NEW: In a note to investors earlier today, Miller Tabak analyst Stephen Anderson stated that lower corn feed prices and record chicken wing supply levels make it likely that wing prices will decline further in 2014. Anderson noted that Buffalo Wild Wings shares have already advanced about 30% year to date, but the analyst believes that an additional move lower in prices for wings, its key commodity, plus a high level of short interest in the stock could allow for further gains. The firm upgraded the stock to a Buy rating from a Hold and raised its price target on shares to $117 from $98. PRICE ACTION: In morning trading, Buffalo Wild Wings advanced a bit over 1% to $100.52.
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