Truist Securities Maintains Buy on Shake Shack, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett maintains a Buy rating on Shake Shack (SHAK) and raises the price target from $112 to $115.

April 02, 2024 | 1:34 pm
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Truist Securities maintains a Buy rating on Shake Shack and increases the price target to $115.
The upgrade in price target by Truist Securities reflects a positive outlook on Shake Shack's stock, likely due to expected performance improvements or market conditions favoring the company. This endorsement from a reputable analyst could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100