TD Cowen Maintains Market Perform on Shake Shack, Raises Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Andrew Charles maintains a Market Perform rating on Shake Shack (NYSE:SHAK) and raises the price target from $67 to $75.
May 31, 2023 | 3:50 pm
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TD Cowen raises Shake Shack's price target from $67 to $75, maintaining a Market Perform rating.
TD Cowen's raised price target for Shake Shack indicates a positive outlook for the stock. The Market Perform rating suggests that the stock is expected to perform in line with the market, but the increased price target may lead to short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100