JP Morgan Maintains Underweight on Shake Shack, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Underweight rating on Shake Shack (NYSE:SHAK) but raises the price target from $102 to $105.
June 03, 2024 | 2:30 pm
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NEUTRAL IMPACT
JP Morgan analyst John Ivankoe maintains an Underweight rating on Shake Shack but raises the price target from $102 to $105.
The Underweight rating suggests a bearish outlook, but the slight increase in the price target indicates some positive expectations. The net impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100