Northcoast Research Upgrades Shake Shack to Buy, Announces $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northcoast Research analyst Jim Sanderson has upgraded Shake Shack (NYSE:SHAK) from Neutral to Buy and announced a price target of $85.
September 15, 2023 | 10:41 am
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Shake Shack has been upgraded from Neutral to Buy by Northcoast Research, with a new price target of $85.
The upgrade from Neutral to Buy indicates a positive outlook for Shake Shack. The new price target of $85, if achieved, would represent a significant increase in the stock's current price. This news is likely to be seen positively by investors and could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100