Morgan Stanley Maintains Equal-Weight on Shake Shack, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour maintains an Equal-Weight rating on Shake Shack (NYSE:SHAK) but lowers the price target from $108 to $100.
July 16, 2024 | 4:26 pm
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Morgan Stanley analyst Brian Harbour maintains an Equal-Weight rating on Shake Shack but lowers the price target from $108 to $100.
The lowered price target from $108 to $100 by a major financial institution like Morgan Stanley suggests a less optimistic outlook for Shake Shack's stock performance in the short term. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100