Raymond James Upgrades Shake Shack to Strong Buy, Announces $78 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Vaccaro has upgraded Shake Shack (NYSE:SHAK) from Outperform to Strong Buy and set a price target of $78.
December 06, 2023 | 2:03 pm
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POSITIVE IMPACT
Shake Shack has been upgraded by Raymond James from Outperform to Strong Buy with a new price target of $78.
Upgrades by analysts, especially to a Strong Buy rating, can lead to increased investor confidence and a potential rise in stock price. The new price target of $78 suggests a significant upside from current levels, which may attract investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100