Barclays Maintains Equal-Weight on Shake Shack, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Shake Shack (NYSE:SHAK) and lowered the price target from $72 to $59.
October 23, 2023 | 11:18 am
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Barclays has maintained an Equal-Weight rating on Shake Shack and lowered the price target from $72 to $59.
The lowering of the price target by Barclays indicates a potential decrease in the stock price of Shake Shack in the short term. This is likely to negatively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100