B of A Securities Initiates Coverage On Shake Shack with Neutral Rating, Announces Price Target of $66
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has initiated coverage on Shake Shack (NYSE:SHAK) with a Neutral rating and a price target of $66.

October 05, 2023 | 2:44 pm
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NEUTRAL IMPACT
Shake Shack has been given a Neutral rating by B of A Securities with a price target of $66.
The initiation of coverage by B of A Securities with a Neutral rating indicates that the firm does not expect significant price movement in the short term. The price target of $66 provides a benchmark for investors, but does not necessarily suggest a strong bullish or bearish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100