Deutsche Bank Initiates Coverage On Shake Shack with Hold Rating, Announces Price Target of $62
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Lauren Silberman has initiated coverage on Shake Shack (NYSE:SHAK) with a Hold rating and a price target of $62.
October 19, 2023 | 9:24 am
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NEUTRAL IMPACT
Shake Shack has been given a Hold rating by Deutsche Bank with a price target of $62.
The Hold rating from Deutsche Bank indicates a neutral outlook for Shake Shack's stock in the short term. The price target of $62 suggests that the analyst believes the stock is fairly valued at this price. This could influence investors' decisions, but it's not a strong buy or sell signal, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100