Truist Securities Maintains Buy on Shake Shack, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Shake Shack (NYSE:SHAK) and raised the price target from $124 to $125.
July 01, 2024 | 12:53 pm
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POSITIVE IMPACT
Truist Securities has maintained its Buy rating on Shake Shack and raised the price target from $124 to $125.
The maintenance of a Buy rating and a slight increase in the price target by Truist Securities is a positive signal for investors, indicating confidence in Shake Shack's future performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100