Piper Sandler Downgrades Shake Shack to Neutral, Announces $114 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Shake Shack from Overweight to Neutral, setting a price target of $114.
August 19, 2024 | 12:22 pm
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Piper Sandler has downgraded Shake Shack from Overweight to Neutral, with a new price target of $114. This suggests a more cautious outlook on the stock.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic view on Shake Shack's stock performance. The $114 price target suggests limited upside potential, which could lead to a short-term negative impact on the stock price.
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