Stifel Maintains Hold on Shake Shack, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Chris O'Cull has maintained a Hold rating on Shake Shack (NYSE:SHAK) but reduced the price target from $62 to $60.
November 14, 2023 | 6:10 pm
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NEUTRAL IMPACT
Stifel analyst maintains a Hold rating on Shake Shack and lowers the price target from $62 to $60, indicating a potential limited upside or downside.
The adjustment in price target by Stifel reflects a slightly more conservative valuation of Shake Shack, which could signal to investors a modest reassessment of the company's near-term growth prospects. However, since the rating remains a Hold and the price target change is minimal, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100