Shake Shack is trading lower after Wedbush maintained a Neutral rating on the stock and lowered its price target from $110 to $90.
Portfolio Pulse from Benzinga Newsdesk
Shake Shack is trading lower after Wedbush maintained a Neutral rating on the stock and lowered its price target from $110 to $90.
July 24, 2024 | 7:29 pm
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Shake Shack is experiencing a decline in its stock price following Wedbush's decision to maintain a Neutral rating and reduce the price target from $110 to $90.
The reduction in the price target from $110 to $90 by Wedbush signals a less optimistic outlook for Shake Shack's future performance. This downgrade is likely to negatively impact investor sentiment and result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100