Barclays Maintains Equal-Weight on Shake Shack, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Shake Shack (NYSE:SHAK) and raises the price target from $108 to $110.
August 02, 2024 | 3:35 pm
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Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Shake Shack and raises the price target from $108 to $110.
The raised price target from $108 to $110 by Barclays suggests a positive outlook for Shake Shack, which could lead to a short-term increase in stock price. However, the Equal-Weight rating indicates a neutral stance, balancing the impact.
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