TD Cowen Upgrades Shake Shack to Outperform, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles upgraded Shake Shack (NYSE:SHAK) from Market Perform to Outperform and increased the price target from $91 to $125.

March 07, 2024 | 11:16 am
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Shake Shack was upgraded by TD Cowen from Market Perform to Outperform, with a price target increase from $91 to $125.
Upgrades by analysts, especially from Market Perform to Outperform, typically signal a positive outlook on the stock, suggesting potential for price appreciation. The significant increase in price target from $91 to $125 further underscores the analyst's bullish stance, likely leading to increased investor interest and potentially a short-term price increase.
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IMPORTANCE 90
RELEVANCE 100