B of A Securities Maintains Neutral on Shake Shack, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Sara Senatore maintains a Neutral rating on Shake Shack (NYSE:SHAK) but lowers the price target from $116 to $96.
July 17, 2024 | 5:33 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Shake Shack but has lowered the price target from $116 to $96, indicating a less optimistic outlook.
The lowered price target from $116 to $96 by B of A Securities suggests a less optimistic outlook for Shake Shack, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100