Goldman Sachs Initiates Coverage On Shake Shack with Buy Rating, Announces Price Target of $110
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on Shake Shack (NYSE:SHAK) with a Buy rating and set a price target of $110.
June 13, 2024 | 10:41 am
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Goldman Sachs has initiated coverage on Shake Shack with a Buy rating and set a price target of $110, indicating a positive outlook for the stock.
The initiation of coverage by a major financial institution like Goldman Sachs with a Buy rating and a high price target is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100