Wedbush Reiterates Neutral on Shake Shack, Maintains $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan reiterates a Neutral rating on Shake Shack (NYSE:SHAK) and maintains an $80 price target.

February 14, 2024 | 5:02 pm
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NEUTRAL IMPACT
Wedbush analyst Nick Setyan reaffirmed a Neutral rating on Shake Shack with an $80 price target.
The reiteration of a Neutral rating and maintenance of the $80 price target by Wedbush suggests no significant short-term catalysts expected to drive Shake Shack's stock price significantly higher or lower. The analyst's view appears to be that the stock is fairly valued at its current level, indicating a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100