Buffalo Wild Wings (BWLD) shares rose Monday after analysts at Deutsche Bank upgraded the stock to "buy" from "hold" while raising its price target to $180 from $155.
Buffalo Wild Wings shares rose 1.43% to $159.60 per share.
"We are upgrading Buffalo Wild Wings shares to Buy from Hold as we believe the set up for changes (either from the current management team, through its recently introduced change or as a beneficiary of a new point of view and strategic approach, if the investment community decides to move in another direction)," analyst Brett Levy wrote.
The firm still sees possible risks to sales and profits in the near-term however, but cost-cutting initiatives could lessen the impact of those potential headwinds.
Editor's note: story has been updated since 10:12 am EST.
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