JP Morgan Maintains Underweight on Shake Shack, Raises Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe has maintained an Underweight rating on Shake Shack (NYSE:SHAK) but raised the price target from $100 to $102.

May 13, 2024 | 2:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan's updated rating maintains an Underweight stance on Shake Shack, with a slight increase in the price target from $100 to $102.
The adjustment in price target by JP Morgan suggests a slight improvement in the outlook for Shake Shack, although the Underweight rating indicates ongoing concerns about the company's performance relative to the market. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of a higher price target against a cautious rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100