UBS Maintains Neutral on Shake Shack, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Dennis Geiger has maintained a Neutral rating on Shake Shack (NYSE:SHAK) and increased the price target from $110 to $115.
May 03, 2024 | 10:11 pm
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UBS has maintained a Neutral rating on Shake Shack but raised the price target from $110 to $115.
The increase in price target by UBS suggests a positive outlook on Shake Shack's valuation, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for significant short-term price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90