Morgan Stanley Maintains Equal-Weight on Shake Shack, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has maintained an Equal-Weight rating on Shake Shack (NYSE:SHAK) and lowered the price target from $70 to $64.
October 11, 2023 | 2:53 pm
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Morgan Stanley has maintained an Equal-Weight rating on Shake Shack and lowered the price target from $70 to $64.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Shake Shack's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100