Raymond James Upgrades Shake Shack to Outperform, Announces $87 Price Target
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Brian Vaccaro has upgraded Shake Shack (NYSE:SHAK) from Market Perform to Outperform and set a price target of $87.

August 04, 2023 | 3:08 pm
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Shake Shack has been upgraded to Outperform by Raymond James with a new price target of $87.
The upgrade from Raymond James is a positive signal for Shake Shack. It indicates that the analyst believes the company's stock will outperform the market. The new price target of $87 also suggests that the analyst sees significant upside potential for the stock. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100