Morgan Stanley Maintains Equal-Weight on Shake Shack, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has maintained an Equal-Weight rating on Shake Shack (NYSE:SHAK) and increased the price target from $88 to $105.
April 12, 2024 | 5:14 pm
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Morgan Stanley maintains an Equal-Weight rating on Shake Shack and raises the price target from $88 to $105.
The increase in price target by Morgan Stanley suggests a positive outlook on Shake Shack's future performance, potentially leading to increased investor confidence and a short-term uplift in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100