TD Cowen Maintains Market Perform on Shake Shack, Raises Price Target to $78
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 $75 to $78.
August 04, 2023 | 2:54 pm
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NEUTRAL IMPACT
TD Cowen analyst maintains a 'Market Perform' rating on Shake Shack and raises the price target from $75 to $78.
The news is directly related to Shake Shack as the analyst from TD Cowen maintains a 'Market Perform' rating on the company and raises the price target. This suggests that the analyst sees potential in the company's stock but does not expect it to outperform the market in the short term. Therefore, the impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100