Baird Maintains Neutral on Shake Shack, Raises Price Target to $78
Portfolio Pulse from jenniferd'souza@benzinga.com
Baird analyst David Tarantino maintains a Neutral rating on Shake Shack (NYSE:SHAK) and raises the price target from $74 to $78.

August 04, 2023 | 3:19 pm
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NEUTRAL IMPACT
Baird analyst maintains a Neutral rating on Shake Shack and raises the price target from $74 to $78.
The news is directly about Shake Shack. The analyst maintains a Neutral rating, indicating no change in the company's outlook. However, the increase in price target from $74 to $78 suggests a positive sentiment towards the company's stock in the future. This could potentially have a neutral to slightly positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100