Barclays Maintains Equal-Weight on Shake Shack, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Shake Shack (NYSE:SHAK) and raises the price target from $64 to $72.
August 04, 2023 | 3:04 pm
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Barclays maintains an Equal-Weight rating on Shake Shack and raises the price target from $64 to $72, indicating a positive outlook for the stock.
The raised price target by Barclays 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