Deutsche Bank Reiterates Buy on Buffalo Wild Wings

Deutsche Bank is out with its report today on Buffalo Wild Wings BWLD, reiterating Buy. In a note to clients, Deutsche Bank writes, "We believe BWLD's multiple could move higher as investors now grow more comfortable with the earnings outlook. Our $74 PT assumes 23x 2012E P/E and 8.5-9.0x EV/EBITDA. Reiterate Buy." At the time of posting, shares of BWLD were trading at $66.86, down 0.89% from Friday's close.