Truist Securities Maintains Buy on Shake Shack, Raises Price Target to $90
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Jake Bartlett maintains a 'Buy' rating on Shake Shack (NYSE:SHAK) and raises the price target from $75 to $90.
July 18, 2023 | 2:20 pm
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POSITIVE IMPACT
Truist Securities maintains a 'Buy' rating on Shake Shack and raises the price target from $75 to $90, indicating a positive outlook for the stock.
The raised price target by Truist Securities indicates a positive outlook for Shake Shack. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100